Steve and Roger allocate 2/3 of the profits and losses to Steve and 1/3 to Roger.If the net profit of the firm is $29,000,calculate the share of Roger's profit.
A)$24,167
B)$19,333
C)$29,000
D)$9667

Name: Steve and Roger allocate 2/3 of the profits and losses to Steve and 1/3 to Roger.If the net profit of the firm is $29,000,calculate the share of Roger's profit. A)$24,167 B)$19,333 C)$29,000 D)$9667
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Quizplus · Accepted Answer

Roger's share is 1/3 of the total profit, so $29,000 * (1/3) = $9,667.

Steve and Roger Allocate 2/3 of the Profits and Losses