rehel5901 rehel5901

08-04-2020
Business

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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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hammadacca hammadacca

08-04-2020

Answer:

Each will receive:

Gary: $ 16,400

Bill: $24,600

Carmella: $ 41,000

Explanation:

The profit is shared according to the ratios of their investment as per below calculations:

Gary: $82,000×2/10 = 16,400

Bill: $82,000*3/10 = 24,600

Carmella $82,000 *5/10 = 41,000

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