Returning to school at 59. Pls help with this math problem.

R

raye47

New member
Joined
Jan 24, 2011
Messages
3
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 :?:
 
Re: Returning to school at 59. Pls help with this math prob

raye47 said:
If the profits are $4,800 \(\displaystyle in \ total\), how much less does x receive compared to having the
profits divided in proportion to the amounts invested by X, Y, and Z?
[/b]


Raye :?:
Click to expand...

Is this what you're meaning?
 
Re: Returning to school at 59. Pls help with this math prob

Hi, and thanks for replying.

I did a copy/paste, so the problem I listed is exactly what I was given, as follows: "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 can only guess they mean $4,800 profits in total to be shared among X, Y and Z.

Assuming that is true, can you still show me how to get the answer? I just need to know HOW to solve it. Even if I were given the answer, I don't think I'd know how it was arrived at.

Thanks, again.
Raye :)
 
Re: Returning to school at 59. Pls help with this math prob

raye47 said:
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 :?:
Click to expand...

Hi raye47,

If they divided the profits equally, then each would receive $ 4800 / 3 or $1600.

Proportionally, it would go this way.

X invests $ 9000
Y invests $ 7000
Z invests $ 4000

Total investments = $ 20000

If profits are distributed proportionally to the amounts invested, then

X's part of the profits would be 9/20 of $ 4800 or $ 2160.
Y's part of the profits would be 7/20 of $ 4800 or $ 1680.
Z's part of the profits would be 4/20 of $ 4800 or $ 960.

By dividing the profits equally, X would receive $ 2160 - 1600 or $ 560 less than if it were distributed proportionally.

 
Re: Returning to school at 59. Pls help with this math prob

I am grateful for the replies I received. They both provided the answer I needed, and I am now satisfied with the results and don't require any further input.

Again, thank you very much!

Raye
 
You must log in or register to reply here.
Top