At the end of trading session three businessmen peter,John and Thomas shared a net profit of kshs.620,000 such that peter got 3 1/2 times as much as John while John got 1 1/2 times as Thomas. Calculate the amount of money that peter got over John
Business/Management
ScanSolve AI Answer
Answer
300,000
Step-by-step solution
7 stepsLet the amount Thomas received be .
Express John's amount in terms of .
John received times what Thomas received:
Express Peter's amount in terms of .
Peter received times what John received:
Write the total profit equation.
The total profit shared among Peter, John, and Thomas is :
Substituting the expressions we found:
Convert all terms to a common denominator (4)
Combine the fractions:
Solve for
Calculate John's and Peter's amounts
- John's amount:
- Peter's amount:
Calculate the difference between Peter's and John's amounts
Final answer:
Peter got more than John.
Was this helpful?
Try one yourself
A new problem that tests the same skill.
Still stuck on this one?
Ask a follow-up, and the answer starts from this question.
Got a different question?Ask your own question
More Business/Management Questions
QThree business men Peter, James and David contributed a total of Ksh. 82,250 to start a business…QPeter, James and David shared some money in the ratio Peter:James = 2:3 and James:David = 4:5. If…QThree friends, Amina, Brian, and Chebet, invest in a business in the ratio 3:5:2. They make a profit…QJohn's earnings increased by 12% to Sh. 5600. The ratio of John's initial earnings to Musa's initial…QThe partners made a profit of K50 000. According to the partnership deed, profit should be…

Handwritten Step-by-Step Solution
Get this as a handwritten image on WhatsApp — like a tutor wrote it for you.
Try on WhatsApp