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#1 2006-03-10 16:40:21
- Jai Ganesh
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- Registered: 2005-06-28
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Partnership
P # 1
Out of the three partners in a business, the capital of A is twice that of B and the capital of B is twice that of C. If at the end of the year, the profit is $10,500, find out the share of each.
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
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#2 2006-05-14 19:26:18
- luca-deltodesco
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- Registered: 2006-05-05
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Re: Partnership
ehm, i dont know exactly what you mean by capital, but supposing its the same as profit?
10500 / 7 = 1500
C gets 1500
B gets 3000
A gets 6000
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#3 2006-05-14 20:11:56
- Jai Ganesh
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- Registered: 2005-06-28
- Posts: 48,464
Re: Partnership
luca-deltodesco,
Capital is in the investment made at the start of business. Usually, the profit is shared in accordance with the capital, as in this question.
Your answer is correct!
It appears to me that if one wants to make progress in mathematics, one should study the masters and not the pupils. - Niels Henrik Abel.
Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.
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