Partnership profits of $450 000 are to be divided among three partners A,B,C, respectively, according to the ratio 1/8: 1/6: 1/12. Find A's share of the profits. a) 56 250 b) 75 000 c) 150 000 d) 168 750
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The ratio is given as 1/8:1/6:1/12. To find the common denominator, we need to find the least common multiple (LCM) of 8, 6, and 12. The LCM of 8, 6, and 12 is 24. Now, we can rewrite the ratio with the common denominator of 24: 3/24:4/24:2/24. Show more…
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