The owner and a partner in a small business share profits in the ratio 2:1. For a month in which the business realizes a profit of $15,600. what is the owner's share of the profit?
A) $5,200
B) $7,800
C) $10,400
D) None of These

Question

Quizplus · Accepted Answer

The total ratio is 2 + 1 = 3. The owner's share is 2 parts of the total 3 parts. So, the owner's share is (2/3) * $15,600 = $10,400.

The Owner and a Partner in a Small Business Share