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21 March, 07:30

Joe thea and taylor invested in a partnership in the ratio 1:4:7, respectively. years later, when the partnership was worth 1.6 million, thea decides to go to graduate school and sells her part of the partnership to joe. what percent of the business will joe own after he buys thea's portion

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  1. 21 March, 10:51
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    Answer: 41.67%

    Given:

    If X=Joe's investment in the business

    4X = Thea's investment

    7X = Taylor's investment

    When it reached 1.6 million,

    X+4X+7X=1,600,000

    12x=1,600,000

    X=1,600,000/12

    X = 133,333.3 Joe's investment

    4x = 4 (133,333.3)

    =533,333.3 is Thea's investment.

    If this amount will be added to Joe's, Joe's investment will be 666,666.7 or 41.67% of the business
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