Question

Three partners share for business.Max owns 3/8, Sherry owns 2/5, and Duane owns the rest.If the profits this year are 250,000, how much does each partner receive (in $)?
Max-$
Sherry-$
Duane-$

Answer 1

Answer:

Three partners share for business. Each partner’s receive  Max-$ 93,750  and Sherry-$ 100,000  and Duane-$ 56,250

Solution:

Given that three partners share the business

Max owns 3/8, Sherry owns 2/5, and Duane owns the rest

Profit of the year is 250,000

We need to find how much is the share of each partner

Share owned by Max $=\frac{3}{8}$

Share owned by Sharry = $\frac{2}{5}$

Share owned by Duane $=1-\left(\frac{3}{8}+\frac{2}{5}\right)=\frac{9}{40}$

Total profit earned = $250,000

Thus, Max receives = $\frac{3}{8} \times250,000$ = $93,750

Sharry receives = $\frac{2}{5} \times 250,000$ = $100,000

Duane receives = $\frac{9}{40} \times250,000$ = $56,250

Hence the share of Max , Sharry and Duane is calculated.