Question

Two people share proceeds of a business venture in the ratio 2:3 If the proceeds came to GHS 2,350,000 how much does each get?

Answer 1

GHS 940,000 and GHS 1,410,000

Explanation:

Total Ratio, thus 2+3 = 5 = 2,350,000

2/5 × 2,350,000 = 940,000

3/5 × 2,350,000 = 1,410,000

In conclusion, the money was shared at GHS 940,000 and GHS 1,410,000 among the two.