Three partners invested a total of 960,000 in a business. The amounts they invested were 25%, 35%, and 45%, respectively of the total amount. After a year, they divided the net profit according to the amount invested by each partner. The one with the smallest investment received a profit of P90,000.
a. How much profit did the biggest investor receive?
b. How much was the amount invested by the second biggest investor?
Answers & Comments
A. P162,000.00
B. P336,000.00
Step-by-step explanation:
A. Profit of Biggest Inestor:
Let x = Net profit, so:
B. Investment of 2nd Biggest Investor:
Hope it helps.
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