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23. Aren Chomski, Warner Howe, and Brown Ledbetter invested $1,000, $1,500,and $3,500, respectively, in a business partnership. If the annual profit of$1,500 is divided among them in proportion to their investments, how muchwill Aren receive?a. $300 b. $250 c. $1,000 d. $375

Answer :

To solve this question, first find the ratio of investment as shown below:

[tex]1000\colon1500\colon3500=2\colon3\colon7[/tex]

The ratio is obtained by dividing by 500.

Now let the common multiple be x.

[tex]\begin{gathered} 2x+3x+7x=1500 \\ 12x=1500 \\ x=\frac{1500}{12} \\ x=125 \end{gathered}[/tex]

So Aren receives 2x=$250

Warner receives 3x=$375

Brown receives 7x=$875

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