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Two partners are starting a catering businessThe total investment is $50,000. Their investments are in the ratio 6:4. How much does each investor contribute?

Answer :

ANSWER

[tex]\begin{gathered} \$30,000 \\ \$20,000 \end{gathered}[/tex]

EXPLANATION

The investors made their investments in the ratio 6 : 4.

To find how much each investor contributed, we have to divide each ratio by the total ratio and multiply by total investment.

That is:

[tex]\begin{gathered} \Rightarrow\frac{6}{6+4}\cdot50000 \\ \frac{6}{10}\cdot50000 \\ \$30,000 \\ \Rightarrow\frac{4}{10}\cdot50000 \\ \$20,000 \end{gathered}[/tex]

Their contributions were $30,000 and $20,000.