mar and sue decided to divide all profits and share all losses using a fixed ratio.If the ratio agreed upon is in proportion to their original investment,what would be mar share of a $60,000 end-of-yeas profit?( the original total investment was $32,000-$8,000 from sue and $24,000 from mar. sue and mar$8,000 is 0ne fourth or 25 percent,of the total.
2007-05-13 06:09:25 · 2 answers · asked by margaret 1 in Business & Finance ➔ Personal Finance
Assuming that Profits would be the amount left after the two investors recouped their original start up capital; $60,000-$32,000= $28,000 profit. By the ratio stated, Mar would be entitled to $21,000 and Sue would be entitled to $7,000.
If you are defining profits of $60,000 after all costs; then Mar would be entitled to $45,000, and Sue $15,000.
2007-05-13 07:06:29 · answer #1 · answered by Blitzpup 5 · 1⤊ 0⤋
Seems like mar would get $45,000 or 75 percent.
2007-05-13 13:16:55 · answer #2 · answered by hottotrot1_usa 7 · 1⤊ 0⤋