Question:
Cain and Abel buy a business together. Cain invests $45 000 and Abel invests $30 000. If their first annual is $90 000 and is to be split in the same ratio as their investments, how much should they each receive?
2007-08-27 20:57:20 · 4 answers · asked by ebneter_chick 1 in Science & Mathematics ➔ Mathematics
45000:30000
45:30
15:10
3:2
cain receives=3/5*90000
=54000
abel receives=36000
2007-08-27 21:05:17 · answer #1 · answered by niki einstien 2 · 1⤊ 0⤋
Ratio of investments = 45:30 = 3:2
Annual income = $90 000 to be shared:-
Cain
3/5 x $90 000 = $54 000
Abel
2/5 x $90 000 = $36 000
2007-08-28 04:41:10 · answer #2 · answered by Como 7 · 1⤊ 0⤋
45:30 = 3:2 = 5 equal parts of 15 each
90 / 5 = 18, so Cain gets 3*18 and Abel gets 2*18
Or you could just multiply the original investments by the percentage of gain, namely 90/75 = 1.20 = 20% increase.
2007-08-28 04:07:50 · answer #3 · answered by hznfrst 6 · 0⤊ 0⤋
45,000+30,000=75,000,
30,000/75,000=0.4 or 40%
45,000/75,000=0.6 or 60%
40% of 90,000=36,000
60% of 90,000=54,000
2007-08-28 04:09:29 · answer #4 · answered by vago 2 · 0⤊ 0⤋