Question

Mr. Gbenga contributed 500 naira to a business, Mr. Uzoh contributed 300 naira while Mr. Akerele contributed 200 naira. Find the share of Mr. Gbenga if they share a profit of 2000 naira according to the amount each contributed.

Answer 1

1000 naira

Explanation:

Mr. Gbenga: 500 naira

Mr. Uzoh: 300 naira

Mr. Akerele: 200 naira

Total: 500 naira + 300 naira + 200 naira = 1000 naira

Mr. Gbenga's percentage is (500 naira)/(1000 naira) × 100% = 50%

Mr. Gbenga receives 50% of the profit.

50% of 2000 naira = 0.5 × 2000 naira = 1000 naira