Mr. Adderley and Mr. Bain are business partners. They share profits in the ratio of 7:9. This year the total profits were $49,600. Calculate Mr. Bain's share.
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Given : Mr. Adderley and Mr. Bain are business partners. They share profits in the ratio of 7:9. This year the total profits were $49,600.
To find : Mr. Bain's share.
Solution:
Mr. Adderley and Mr. Bain share profits in the ratio of 7:9.
Let say Mr. Adderley Share = 7k $
then Mr. Bain Share = 9k $
Total Share = 7k + 9k = 16k $
total profits were $49,600
=> 16k = 49600
=> k = 3100
Mr. Bain Share = 9k = 9 * 3100 = 27900 $
Mr. Bain's share. = 27900 $
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