Question

James and Dan are partners in a small company. From each year’s profit, James is paid a bonus of $15000 and the remainder is shared between James and Dan in the ratio of 2:3. In 1996 the profit was $ 20000. Show that Dan’s share was $3000.

Answer 1

total20000

bonus15000

remaining 20000-15000=5000

ratio 2+3=5x

Dan part =3x

Dan value=( 5000/5)*3=3000

Explanation: