John and Mary share profits and losses in a 6:9 ratio,respectively.Mary's share of a $60,000 profit would be $24,000.

Name: John and Mary share profits and losses in a 6:9 ratio,respectively.Mary's share of a $60,000 profit would be $24,000.
Brand: Quizplus
Rating: 4.7 (50 reviews)

Question

Quizplus · Accepted Answer

The profit-sharing ratio of John and Mary is 6:9, which simplifies to 2:3. Therefore, for every $5 of profit, Mary gets $3. If the total profit is $60,000, Mary's share would be 3/5 of $60,000, which is $36,000, not $24,000.

John and Mary Share Profits and Losses in a 6:9