Question

Mack, Jason, and Yuri invested a total of $14,500 in the stock market. After one year, they earned a profit equal to 1/5 of their investment Mack receives 2/5 of the profit, Jason Receives 1/4 of the profit, and Yuri receives the rest of the profitWhat is the amount of each person's profit?

Answer 1

Answer:

The amount of each person's profit is:

Mack

= $1160

Jason

= $725

Yuri

= $1015

Step-by-step explanation:

Mack, Jason, and Yuri invested a total of $14,500 in the stock market. After one year, they earned a profit equal to 1/5 of their investment Mack receives 2/5 of the profit, Jason Receives 1/4 of the profit, and Yuri receives the rest of the profitWhat is the amount of each person's profit?

Step 1

We calculate how much the profit is.

Mack, Jason, and Yuri invested a total of $14,500 in the stock market. After one year, they earned a profit equal to 1/5 of their investment

The profit = 1/5 of Investment

Hence = 1/5 × $14500

Profit = $2900

Step 2

We calculate the amount each of them receives.

Mack receives 2/5 of the profit,

= 2/5 × $2900

= $ 1160

Jason Receives 1/4 of the profit

= 1/4 × $2900

= $725

Yuri receives the rest of the profit

This is calculated as:

$2900 -($1160 + $725)

$2900 - $1885

= $1015

The amount of each person's profit is:

Mack

= $1160

Jason

= $725

Yuri

= $1015