P and q started a business. the profits earned are divided in the ratio of their capital, 2:3. if p invested capital of $40,000,

Question

1 year ago

9

what was the capital invested by q?

1 answer:

kvv77 [185] · Answer 1 · 2024-09-25T16:36:24+03:00

The capital invested by q is $60,000 when p invested capital of $40,000.

According to the question,

We have the following information:

The ratio of the profits earned by by p and q is 2:3.

Amount invested by p = $40,000

Now, let's take the amount invested by p to be $2x and the amount invested by q to be $3x.

So, we have the following expression:

2x = 40000

x = 40000/2

x = $20000

Now, putting the value of x in 3x in order to find the amount invested by q:

3*20,000

$60,000

Hence, the amount invested by q is $60,000 when p invested capital of $40,000.

To know more about invested capital here

#SPJ1