Gary, bill and carmella invested in a corporation in the ratio of 2:3:5, respectively. if they divide the profit of $82,000 proportionally to their investment, approximately how much will each receive?
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Question:
gary, bill and carmella invested in a corporation in the ratio of 2:3:5, respectively. if they divide the profit of $82,000 proportionally to their investment, approximately how much will each receive?
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Answer:Each will receive:Gary: $ 16,400Bill: $24,600Carmella: $ 41,000Explanation:The profit is shared according to the ratios of their investment as per below calculations:Gary: $82,000×2/10 = 16,400Bill: $82,000*3/10 = 24,600Carmella $82,000 *5/10 = 41,000
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