Answer: $35,276
Explanation:
They both have salaries of $12,900 and $18,500 for Singer and McMann, respectively as well as 10% of their initial investment.
Removing both their salaries from the income will be,
= 71,600 - 12,900 - 18,500
= $40,200
Then remove the interest of 10% on the original income that both of them earn from the remaining income.
= 40,200 - (0.1 * 36,200) - (0.1 * 53,200)
= 40,200 - 3,620 - 5,320
= $31,260
Now, out of this remaining figure, they share profits in a ratio of 3:2.
Singer would therefore get 3/3+2 of the income.
= 31,260 * 3/5
= $18,756
Now therefore, all of the money that Singer got would be,
= 12,900 (salary) + 3,620 (10% interest) + 18,756
= $35,276
Singer's share of the income be $35,276
