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Jane and Julie went into business together. Jane contributed $10,000 and Julie contributed $6,000.

After one year the business made a profit of $4,000. What amount of the profits should Julie take if they are shared in the same ratio as their original contributions

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Respuesta :

Answer:

Julie's share of the profits is (6/16)($4000) = $1500

Step-by-step explanation:

Write and solve an equation of ratios:

Jane's contrib.      $10000        10

---------------------- = -------------- = ------ .

Julie's contrib.         $6000        6

Adding 10 and 6 together, we get 16.

Julie's share of the profits is (6/16)($4000) = $1500.  Jane would take (10/16)($4000), or $2500.