221k views
0 votes
A partnership with 10 partners distributes its profits of $450,000 equally to the partners except partner #10 who receives

5% of the total profit. How much do partners #1-9 get equally?
con

User Grims
by
8.8k points

1 Answer

5 votes

Answer: Partners #1-9 get $47,500 each.

Step-by-step explanation:

Hi, to answer this question, first, we have to calculate the amount received by partner #10, by multiplying the total profit by the percentage in decimal form (5%)

Mathematically speaking:

450,000x (5/100) = $22,500

So, the profit left is:

450,000-22,500 = $427,500

Finally we divide the result by the number of partners left (9)

427,500 /9 = $47,500

Partners #1-9 get $47,500 each.

Feel free to ask for more if needed or if you did not understand something.

User Gulli Meel
by
6.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories