A construction company is owned by two partners X and Y and it is agreed that their profit will be divided in the ratio 4:5. At the end of the year, Y recei...

Assessment: JAMB UTME - Mathematics - 1983 Subject: General Mathematics

Question 1 Report

A construction company is owned by two partners X and Y and it is agreed that their profit will be divided in the ratio 4:5. At the end of the year, Y received ₦5,000 more than X. What is the total profit of the company for the year?

Answer Details

Total sharing ratio is 9
X has 4, Y has 4 + 1
If 1 is ₦5000
Total profit = 5000 x 9
= ₦45,000

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