Chapter 15: Problem 4
Three investors, \(A, B,\) and \(C,\) divide the profits from a business enterprise in the ratio of \(5: 7: 8,\) respectively. If investor A earned \(\$ 3,500,\) how much money did investors \(\mathrm{B}\) and \(\mathrm{C}\) earn in total? $$\begin{array}{c} \$ 4,000 \\ \$ 4,900 \\ \$ 5,600 \\ \$ 9,500 \\ \$ 10,500 \end{array}$$
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.