Three people invest at a ratio of 1:4:7. If the partnership is worth $636,000, what did each person invest?
1 answer:
Answer:
See the detailed answers below
Step-by-step explanation:
Given data
Ratio= 1:4:7
combined ratio= 1+4+7= 12
Total amount= $636,000
Apply the part to all method
The first person will take
1/12= x/ 636,000
cross multiply
12x= 636,000*1
x= 636,000/12
x= 53000
The second person will take
4/12= x/ 636,000
cross multiply
12x= 636,000*4
x= 2544000/12
x= 212000
The third person will take
7/12= x/ 636,000
cross multiply
12x= 636,000*7
x= 4452000/12
x= 371000
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