Two brothers invested a total of ₦5,000.00 on a farm project, the farm yield was sold for ₦15,000.00 at the end of the season. If the profit was shared in t...
Question 1 Report
Two brothers invested a total of ₦5,000.00 on a farm project, the farm yield was sold for ₦15,000.00 at the end of the season. If the profit was shared in the ratio 2 : 3, what is the difference in the amount to profit received by the brothers?
Answer Details
Total amount invested by A and B = ₦5,000
farm yield was sold for ₦15,000.00
profit = 15,000.00 - 5,000.00
= ₦10,000.00
Profit was shared in ratio 2 : 3
2 + 3 = 5
A received of profit = x 10,000 = ₦4,000.00
A receive of profit = x 10,000 = ₦6,000.00
Difference in profit received = ₦6,0000 - ₦4,000.00
= ₦2,000.00
farm yield was sold for ₦15,000.00
profit = 15,000.00 - 5,000.00
= ₦10,000.00
Profit was shared in ratio 2 : 3
2 + 3 = 5
A received of profit = x 10,000 = ₦4,000.00
A receive of profit = x 10,000 = ₦6,000.00
Difference in profit received = ₦6,0000 - ₦4,000.00
= ₦2,000.00
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