Three friends start a business and decide to split the profits equally. Jim invests $2,000, Mary invests $3,000, and Sally invests $5,000. If the profits are $3,000, how much of the profits would Sally receive if the profits were divided proportional to how much each friend invested?
Answers
Answer: Sally would make $1,500 more money.
Step-by-step explanation: Ratio Word Problem
The problem is asking about the amount of money that Sally would make if the profits were divided proportionally to how much they invested. There are three steps to find the answer.
Give the ratio of how much they invested.
Add the parts of the ratio and divide the profits by the sum.
Multiply the answer by each part of the ratio.
Given:
Jim - $2,000
Mary - $3,000
Sally - $5,000
profits - $3,000
Let us now find the answer by following the steps above.
Step 1: Ratio
Express the ratio of how much they invested as Jim:Mary:Sally. Plug in the amount that each of them invested.
2,000:3,000:5,000
You can still simply this by dividing each part by a common factor which is 1,000.
2:3:5
Step 2: Add and Divide
Add the parts of the ratio to get 10.
2:3:5 = 2 + 3 + 5 = 10
Now, divide the profits by 10.
$3,000 ÷ 10 = $300
Step 3: Multiply
Multiply $300 by each part to know how much more money they would make from the profits.
Jim = 2 × $300 = $600
Mary = 3 × $300 = $900
Sally = 5 × $300 = $1,500
Final Answer:
Sally would make $1,500 more money.
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brainly.ph/question/281830
brainly.ph/question/867439
brainly.ph/question/2435621
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Given:
Jim – $2,000
Mary – $3,000
Sally – $5,000
profits – $3,000
Let us now find the answer by following the steps above.
Step 1: Ratio
Express the ratio of how much they invested as Jim:Mary:Sally. Plug in the amount that each of them invested.
2,000:3,000:5,000
You can still simply this by dividing each part by a common factor which is 1,000.
2:3:5
Step 2: Add and Divide
Add the parts of the ratio to get 10.
2:3:5 = 2 + 3 + 5 = 10
Now, divide the profits by 10.
$3,000 ÷ 10 = $300
Step 3: Multiply
Multiply $300 by each part to know how much more money they would make from the profits.
Jim = 2 × 600
Mary = 3 × 900
Sally = 5 × 1,500
⇒Sally would make $1,500 more money.
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