Question

Elis, Raine and Avery buy a boat for $33 000.

Elise pays $12 000, Raine pays $6000 and Avery pays the rest.
Six years later they sell the boat for $25 300.
They share the money in the same ration that they bought the boat.
How much money does Avery lose on the sale of the boat?

Answer 1

yes

Explanation:

yes!

Answer 2

Amount Avery paid: 32,000-12,000-6,000 = 15,000

Divide portion she paid by total cost:

15,000/33,000

Simplify to 15/33

Multiply the amount the boat was sold for by her portion:

25,300 x 15/33 = 11,500

Subtract the amount she got from the amount she paid:

15,000 - 11,500 = 3,500

She lost $3,500