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Solution Library
Calculate Profit Sharing Ratio Between Business Partners
Question
Anthony Brett and Charles run a small business and made a profit of $x in a month. They decided to share the profit so that Anthony received one-sixth of the profit, Brett received one-third of the profit and Charles received one-half of the profit respectively. Charles suddenly decided to retire from the business and gave away three quarters of his profit to Brett and the remaining to Anthony. However, Brett gains $2000 more than Anthony subsequently. Find out the value of the profit $x.
Summary
This short answer question belongs to Mathematics. It is about calculating share that is earned by three partners in a business with their ratio of sharing profits is given.
Total Word Count 74
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Comments
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