form a partnership. A invests $105,000, B invests $175,000, and Cinvests $280,000. They agree to share the profits in the same ratio as their investments. pue aaBo1 ssauisng 8uumou uweP a. What is the ratio of their investments? Express in lowest terms b. If A's profit was $80,000 in the first year, calculate B's profits and C's profits. B's profits: Round to the nearest cent C's profits: Round to the nearest cenI c. In the second year, their total profit was 5170.000. How much would each of them receive from this total profit? Asshare Bs share: Round to thenearentcent Cs share:

Elementary Geometry for College Students
6th Edition
ISBN:9781285195698
Author:Daniel C. Alexander, Geralyn M. Koeberlein
Publisher:Daniel C. Alexander, Geralyn M. Koeberlein
Chapter8: Areas Of Polygons And Circles
Section8.CR: Review Exercises
Problem 40CR
icon
Related questions
Question
Alex (A), Bebeto (B), and Carol () decide to start a lawn mowing business together and
form a partnership. A invests S105,000, B invests $175,000, and Cinvests $280,000.
They agree to share the profits in the same ratio as their investments.
a. What is the ratio of their investments?
Express in lowest terms
b. If A's profitwas $80,000 in the first year, calculate B's profits and C's profits.
B's profits
Round to the nearest cent
Cs profits:
Round to the nearest cent
c. In the second year, their total profit was 5170,000. Ho much would each of them
receive from this total profit?
As share:
Bs share:
E:share.
Transcribed Image Text:Alex (A), Bebeto (B), and Carol () decide to start a lawn mowing business together and form a partnership. A invests S105,000, B invests $175,000, and Cinvests $280,000. They agree to share the profits in the same ratio as their investments. a. What is the ratio of their investments? Express in lowest terms b. If A's profitwas $80,000 in the first year, calculate B's profits and C's profits. B's profits Round to the nearest cent Cs profits: Round to the nearest cent c. In the second year, their total profit was 5170,000. Ho much would each of them receive from this total profit? As share: Bs share: E:share.
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Elementary Geometry for College Students
Elementary Geometry for College Students
Geometry
ISBN:
9781285195698
Author:
Daniel C. Alexander, Geralyn M. Koeberlein
Publisher:
Cengage Learning
Elementary Geometry For College Students, 7e
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
PREALGEBRA
PREALGEBRA
Algebra
ISBN:
9781938168994
Author:
OpenStax
Publisher:
OpenStax