Question

Two partners are starting a catering businessThe total investment is $50,000. Their investments are in the ratio 6:4. How much does each investor contribute?

Answer 1

`\begin{gathered} \$30,000 \\ \$20,000 \end{gathered}`

Step-by-step explanation

The investors made their investments in the ratio 6 : 4.

To find how much each investor contributed, we have to divide each ratio by the total ratio and multiply by total investment.

That is:

`\begin{gathered} \Rightarrow(6)/(6+4)\cdot50000 \\ (6)/(10)\cdot50000 \\ \$30,000 \\ \Rightarrow(4)/(10)\cdot50000 \\ \$20,000 \end{gathered}`

Their contributions were $30,000 and $20,000.