You invested $80,000 into a consulting partnership and have a 50% stake in the business. Your partner didn't invest anything, but brings management expertise to the business. After a year, the business racks up $100,000 in debts and must close down. Based on this information, what is the total personal loss for you and your partner in the business?
A) $40,000
B) $80,000
C) $100,000
D) $180,000

Question

Quizplus · Accepted Answer

Your personal loss includes the initial $80,000 investment and half of the $100,000 debt, totaling $130,000. Your partner's loss is half of the $100,000 debt, totaling $50,000. Combined, the total personal loss is $180,000.

You Invested $80,000 into a Consulting Partnership and Have a 50