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...

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 $\frac{2}{5}$ of profit = $\frac{2}{5}$ x 10,000 = ₦4,000.00
A receive $\frac{3}{5}$ of profit = $\frac{3}{5}$ x 10,000 = ₦6,000.00
Difference in profit received = ₦6,0000 - ₦4,000.00
= ₦2,000.00