Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, how much less does X receive than if the profits were divided in proportion to the amount invested?
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X:Y:Z = 9:7:4
X= 9/(9+7+4)*4,800 = $2,160
If it were divided in proportion = 4,800/3 = $1,600
So, he will receive $560 less.
X= 9/(9+7+4)*4,800 = $2,160
If it were divided in proportion = 4,800/3 = $1,600
So, he will receive $560 less.
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Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, X receives than $4800*9/(9 + 7 + 4) -- $4800/3 = $560 less than if the profits were divided in proportion to the amount invested?
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granted