# Ratio problem

1. Jan 7, 2010

### Gringo123

Here is a problem involving ratio , and the answer plus work as given by my text book. I get a little lost at the underlines part. I don't understabnd how we arrived at a ratio of 24:9. Can any one help me out?

Mr Smith starts a business with $50,000. 3 months later, Mr Jones joins the business. He invests$25,000.
The profit at the end of the year is $11,000. It is divided in proportion to how much was invested and for how long. How much does each partner receive? ANSWER Mr Smith invests$50,000 for 12 months.
Mr Jones invests $25,000 for 9 months. Ratio = 50,000 x 12: 25,000 x 9 = 24:9 = 8:3$11,000 is divided in ratio 8:3

Mr S has 8/11 x 11,000 = $8,000 Mr J has 3/11 x 11,000 =$3,000

2. Jan 7, 2010

### tiny-tim

Hi Gringo123!

If they invested the same amount, it would be 12:9, wouldn't it?

But Smithy invested twice as much, so it's 24:9.

(alternatively, you can treat the ":" as a "/" …

if you multiply it out, 50x12/25x9 = 24/9)

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