Question

Mr Jones had invested $2000 and his friend Me Williams had invested $1450 in a company. After 1 year they made a profit of $690. How much profit each will get if they share the profit in terms of their investment?

Answer 1

Mr Jones: $399.69
Mr Williams: $290.31

Explanation:

Calculate the total investment: $2000 + $1450 = $3450.

Calculate Mr Jones' share: ($2000 / $3450) * $690 ≈ $399.69.

Calculate Mr Williams' share: ($1450 / $3450) * $690 ≈ $290.31.

Hence, Mr Jones will receive approximately $399.69 in profit, while Mr Williams will receive approximately $290.31 in profit.