This is from a sample assessment test. I need to know how to work it before I begin the real test:
Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, how much less does x receive compared to having the profits divided in proportion to the amounts invested by X, Y, and Z?
I don't just need the answer. I need to know how to work the problem in order to arrive at an answer. Am I looking for a dollar figure or a percentage or something else?
I must complete the real assessment test before 5pm EST TODAY (Jan 24)!
Thank you so much for your help.
Raye :?:
Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, how much less does x receive compared to having the profits divided in proportion to the amounts invested by X, Y, and Z?
I don't just need the answer. I need to know how to work the problem in order to arrive at an answer. Am I looking for a dollar figure or a percentage or something else?
I must complete the real assessment test before 5pm EST TODAY (Jan 24)!
Thank you so much for your help.
Raye :?: