Solution-Computing profit sharing ratio between business

Computing profit sharing ratio between business partners

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Reference no: EM13830346

Problem:

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.

Additional Information:

This short answer question is from Mathematics. It is about calculating share which is earned by three partners in business with their ratio of sharing profits is given.

Reference no: EM13830346

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Computing profit sharing ratio between business partners

Reference no: EM13830346

Reference no: EM13830346

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