Question

The profits in a business are to be shared by the three partners in the ratio of 3 to 2 to 5. The profit for the year was $176,500. Determine the number of dollars each partner is to receive.

Answer 1

Answer:

Let their investments be Rs. x for 14 months, Rs. y for 8 months and Rs. z for 7 months respectively.

Then, 14x:8y:7z=5:7:8

consider,

8y

14x

=

7

5

∴y=

20

49

x

And,

7z

14x

=

8

5

∴z=

5

16

x

So, x:y:z=x:

20

49

x:

5

16

x

∴x:y:z=20:49:64