John and Jill agree to form a partnership. The partnership agreement requires that John invests $7,000.00 less than one-half of what Jill is to invest. If the total investment of both is $125,000.00, how much is Jill's investment?
A) $88,000.00
B) $37,000.00
C) $78,666.67
D) $46,333.33
E) $74,393.33

Question

Quizplus · Accepted Answer

Let Jill's investment be $x$. According to the problem, John invests $\frac{1}{2}x - 7,000$. The total investment is $x + \frac{1}{2}x - 7,000 = 125,000$. Solving this equation gives Jill's investment as $88,000.00.

John and Jill Agree to Form a Partnership