Question

Q.2.3 students each obtained a mark of 77%, while the next three students each obtained a mark of 78%, what was the mark obtained by the seventh student? Hellen, Angela, and Annemarie start a new company. They agree to share any profit or loss made by the company in the same ratio as their initial contributions to the start-up capital of the company. If Hellen, Angela, and Annemarie's respective contributions to the start-up capital are R250 000,00, R150 000,00, and R100 000,00, and the total profit in the company's first year of operation is R220 000,00, how much did each partners receive that year ​

Answer 1

The profits from the new company are distributed according to the ratio of the initial contributions made by Hellen, Angela, and Annemarie. This results in profit shares of R110 000,00 for Hellen, R66 000,00 for Angela, and R44 000,00 for Annemarie based on a total profit of R220 000,00 and contributions ratio of 5:3:2.

Step-by-step explanation:

First, to calculate each partner's share of the profit in the company, we need to determine the ratio of their contributions.

Hellen contributed R250 000,00, Angela contributed R150 000,00, and Annemarie contributed R100 000,00.

The total contributions amount to R500 000,00 (R250 000,00 + R150 000,00 + R100 000,00).

Therefore, the ratio of their contributions is 5:3:2 (R250 000,00 / R50 000,00 : R150 000,00 / R50 000,00 : R100 000,00 / R50 000,00).

The total profit is R220 000,00, and we will distribute this in the ratio of 5:3:2.

Hellen's share is (5/10) × R220 000,00 = R110 000,00, Angela's share is (3/10) × R220 000,00 = R66 000,00, and Annemarie's share is (2/10) × R220 000,00 = R44 000,00.

To summarize, Hellen received R110 000,00, Angela received R66 000,00, and Annemarie received R44 000,00 as their shares of the profit based on their initial contributions.