Answer:
The share of Steve is $34,285 .71
The share of Elizabeth is $45,714.28
Step-by-step explanation:
The total investment of Steve and Elizabeth in cooking school = $80, 000
The ratio of investment of Steve and Elizabeth = 3: 4
Let us assume the common factor in the ratio is m.
So, the ratio of Steve = 3 m
and the ratio of Steve = 4 m
So, according to the question:
⇒ 3 m + 4 m = 80,000
or, 7 m = 80,000
⇒ m = 80,000 / 7 = 11,428.57
or, m = 11,428.57
⇒ The share of Steve = 3 m = 3 x (11,428.57) = 34,285 .71
⇒ The share of Elizabeth = 4 m = 4 x (11,428.57) = 45,714.28
