Mr. Jake and Mr. Sebastian are business partners. They divided the profits in the ratio of 3:2. The profit is $24,000. How much did Mr. Jake receive?
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Total profit = 24,000
Jake and Sebastian = 3 : 2.
Let the amount received by both be ' x '.
3x + 2x = Total profit
=> 3x + 2x = 24,000
=> 5x = 24,000
=> x = 24,000 / 5
=> x = 4800.
So, Jake = 3x
=> 3 × 4800
=> 14,000.
Sebastian = 2x
=> 2 × 4800
=> 9600.
Jake + Sebastian = Total
=> 14,000 + 9600 = 24,000
=> 24,000 = 24,000.
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