jamenmjjj
Answered

Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Discover comprehensive answers to your questions from knowledgeable professionals on our user-friendly platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Julie and Kristen are partners in a local sporting good store. They needed $51,000 to start the
business. They invested in the ratio of 3:10 respectively. How much money did each invest?
What percent is owned by Kristen?

Sagot :

Answer: See explanation

Explanation:

Since the amount needed to start the

business is $51000 and Julie and Kristen invested in the ratio of 3:10 respectively.

Amount invested by Julie = 3/(3+10) × $51000

= 3/13 × $51000

= $11769.23

Amount invested by Kristen = 10/(3+10) × $51000

= 10/13 × $51000

= $39230.77

The percent that is owned by Kristen will be:

= ($39230.77 / $51000) × 100

= 76.92%

= 77% approximately

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.