Three investors, A, B, and C, divide the profits from a business enterprise in the ratio of 5 : 7 : ...
Three investors, A, B, and C, divide the profits from a business enterprise in the ratio of 5 : 7 : 8, respectively. If investor A earned $ 3,500, how much money did investors B and C earn in total?
Answer/Solution
$10,500
Steps/Work
Let profit for A = 5x
profit for B = 7x
profit for C = 8x
Investor A earned = 3500
5x = 3500
Total profit for B and C = 7x+ 8x = 15x
Therefore , 15x = 5x * 3 = 3500 * 3 = 10,500
Answer E
profit for B = 7x
profit for C = 8x
Investor A earned = 3500
5x = 3500
Total profit for B and C = 7x+ 8x = 15x
Therefore , 15x = 5x * 3 = 3500 * 3 = 10,500
Answer E