janet1011
contestada

A partnership had its agreement drawn up by a lawyer. The company made $350,000 in profit at the end of the year. The
agreement identified partner #1 to receive 40% and partner #2 to receive 60% of the profits. If the partners agreed to invest $50,000 of the company's profits back into the business, how much money did partner #2 receive from the profits ?

1) 140,000
2) 120,00
3) 210,000
4) 180,000

Respuesta :

francocanacari

Partner #2 received $180,000 from the profits.

Calculus

Given that a partnership had its agreement drawn up by a lawyer, and the company made $350,000 in profit at the end of the year, and the agreement identified partner #1 to receive 40% and partner #2 to receive 60% of the profits, To determine, if the partners agreed to invest $50,000 of the company's profits back into the business, how much money did partner #2 receive from the profits, the following calculation must be performed:

  • (350,000 - 50,000) x 0.6 = X
  • 300,000 x 0.6 = X
  • 180,000 = X

Therefore, partner #2 received $180,000 from the profits.

Learn more about calculus in https://brainly.com/question/2811530

Otras preguntas