Question

Steve and Jordan are partners, sharing profits in the ratio 2/6 : 4/6. If the profit to be shared is $2 400, what is Jordan's share of profit

Answer 1

Explanation:

Total profit = $ 2,400

Steve = 2/6 × 2,400

800

Steve = $ 800

Jordan = 4/6 × 2,400

1,600

Jordan = $ 1,600

.°. Jordan's share = $ 1,600

Answer 2

Answer:

Jordan's share of profit is $ 1,600

Explanation:

Given :

• Sharing profits in the ratio of Steve and Jordan = 2 : 4

• Total Profit = $2,400

To find :

• Jordan's share of profit

Solution :

• Steve's Profit ratio = $\sf{\dfrac{2}{6}}$

• Jordan's Profit ratio = $\sf{ \dfrac{4}{6}}$

★ Total Profit = $2,400

• Steve's Share =

$\longrightarrow{\sf{\dfrac{2}{6} \times \: 2,400}}$

$\longrightarrow{\sf{800}}$

Steve's Share = $ 800

• Jordan's Share =

$\longrightarrow{\sf{\dfrac{4}{6} \: \times \: 2400}}$

$\longrightarrow{\sf{1600}}$

Jordan's Share = $ 1,600

Therefore,

Jordan's share of profit is $ 1,600