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olya-2409 [2.1K]
3 years ago
8

Andy, Bob and Chuck run a gardening business. Andy pays all the annual fixed costs (insurance, telephone line rental, etc.) by i

nstallments, which amount to $400 per week. Bob buys the materials for any job they do. Chuck collects the payment for jobs. They split all profits evenly and settle down after every job is completed. They have just done a landscaping and re-fencing job for Mrs. Smith that took the three of them exactly two weeks. Materials cost $1,400 and Mrs. Smith paid Chuck $4,900. How much does Chuck owe Andy and Bob?
Mathematics
1 answer:
Mazyrski [523]3 years ago
5 0

Answer:

$1800

He owes them $900 each

Step-by-step explanation:

Profit = Revenue -  (fixed cost + material cost)

fixed cost $400 x 2 = 800

4900 - (800 + 1400) = $2,700

Since they share the profits equally, each would get 2700/3 = 900

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