Andre,Beau and Caroline share profits and losses of their partnership as 2:3:6.If the net profit is $1,200,000,calculate the profit share of Caroline.

Question

Quizplus · Accepted Answer

First, we need to find the total profit share which is the sum of the ratios, so we have 2+3+6 = 11. 
Next, we need to find the proportion of the total profit share that Caroline gets which is 6/11. 
Finally, we multiply the proportion by the total profit to get Caroline's share: 
6/11 x $1,200,000 = $654,545. Therefore, choice D is the correct answer.

Andre,Beau and Caroline Share Profits and Losses of Their Partnership