Ask Experts Questions for FREE Help !
Ask
    Lique's Avatar
    Lique Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 23, 2009, 04:20 PM
    Algebra Equation
    Three people form a partnership and agree to divide the profits equally. X invest $9000, Y invest $7000, Z invest $4000. If the profits are $4800, how much less does X receive compared to having the profits divided in proportion to the amounts invest by X, Y, and Z?


    Please give a detailed answer.
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
     
    #2

    Feb 23, 2009, 04:23 PM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: Ask Me Help Desk - Announcements in Forum : Homework Help
    Perito's Avatar
    Perito Posts: 3,139, Reputation: 150
    Ultra Member
     
    #3

    Feb 23, 2009, 05:08 PM
    You can do this.

    Remember, dividing the profits equally is easy to calculate. Just divide by the number of people.

    If you want to calculate return according to the proportion that each person invested, add up the investments. Then divide that into the amount that each invested. That will give you a fraction between 0 and 1 for each investor. Figure out what to do with that fraction and you will have finished your homework.
    sarnian's Avatar
    sarnian Posts: 462, Reputation: 9
    -
     
    #4

    Feb 25, 2009, 02:47 AM
    Lique

    Total amount invested = $9000 + $7000 + $4000 = $ 20000
    9000/20000=0,45 = 45%
    7000/20000=0.35 = 35%
    4000/20000=0,20 = 20%

    Total profit = $4800
    By proportional sharing of profit each gets his share related to the percentage of investment (see above percentages)
    It is easy to calculate that!

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search


Check out some similar questions!

Algebra II (system of equation word problems with 3 variables.) [ 3 Answers ]

I have two problems that I don't understand, so if anybody can help, that would be wonderful. We are doing word problems with system equations with three variables THE SET UP: a.___variables__ b.__equation 1__ __equation 2__ __equation 3__ c.__x=,y=,z=___

Algebra equation [ 1 Answers ]

172 = 16y - 14x how would I do this?

Algebra equation [ 2 Answers ]

my son had a warm up problem that I think he got wrong. It was 5x-2y=8 I think you set x at 0 and then you find y. I say 5(0)-2y=8 y=-4 when x is 0. Is this correct?

Algebra Equation [ 1 Answers ]

2zx^y=18 where x=1, z=y

Algebra 1b equation [ 3 Answers ]

D plus 8 over 3 equals -14 I completely forgot how to do this Will someone help me??


View more questions Search