Question

Sarpong and Osei formed a company and agreed that their profit will be shared in the ratio 4:5 respectively. At the end of the year, Osei received ¢5,000.00 more than Sarpong.
Derive all necessary equations to ascertain:
i) how much profit did the company make in a year?
ii) how much each partner received?

Answer 1

Answer:

45000 ¢

20000 ¢

25000 ¢

Step-by-step explanation:

Sarpong and Osei formed a company and agreed that their profit will be shared in the ratio 4:5 respectively

Let say Sarpong  Profit  = 4P ¢

then Osei  Profit = 5P ¢

then Total Profit = 4P + 5P = 9P  ¢

Osei received ¢5,000.00 more than Sarpong.

=> 5P  - 4P  = 5,000

=> P = 5,000

profit company make in a year = 9P = 9 * 5000  = 45000 ¢

Sarpong  Profit  = 4P = 4 * 5000 = 20000 ¢

Osei  Profit = 5P = 5 * 5000 = 25000  ¢