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#1 2006-03-11 15:40:21
- ganesh
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Partnership
P # 1
Out of the three partners in a business, the capital of A is twice that of B and the capital of B is twice that of C. If at the end of the year, the profit is $10,500, find out the share of each.
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#2 2006-05-15 17:26:18
- luca-deltodesco
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Re: Partnership
ehm, i dont know exactly what you mean by capital, but supposing its the same as profit?
10500 / 7 = 1500
C gets 1500
B gets 3000
A gets 6000
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#3 2006-05-15 18:11:56
- ganesh
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Re: Partnership
luca-deltodesco,
Capital is in the investment made at the start of business. Usually, the profit is shared in accordance with the capital, as in this question.
Your answer is correct!
Character is who you are when no one is looking.