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
