Question

The ratio of taxes to profits is 7:3. Find the amount of taxes if the taxes and profits total $1000.

Answer 1

Answer:

$700

Step-by-step explanation:

Given:

The ratio of taxes to profits is 7:3.

The taxes and profits total $1000.

Question asked:

Amount of taxes = ?

Solution:

Let ratios = $x$

And amount of taxes = $7x$

Then amount of profit = $3x$

Sum of amount of taxes and profits = $1000.(given)

                                                           $= 7x + 3x = 1000\\= 10x = 1000$

by dividing both side by 10

                                                         $x = 100$

Thus, amount of taxes = $7x$ = $7\times100$ = $700$

Thus, amount of profits $= 3x = 3\times100 = 300$