Roger and Reese have agreed to share profits in a 3:2 ratio,respectively.Assuming the business incurred a loss of $70,000,Roger's share of the loss is:

Name: Roger and Reese have agreed to share profits in a 3:2 ratio,respectively.Assuming the business incurred a loss of $70,000,Roger's share of the loss is:
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Roger's share of the loss is calculated based on the agreed profit-sharing ratio of 3:2. Therefore, Roger's share is 3/5 of the total loss of $70,000, which equals $42,000.

Roger and Reese Have Agreed to Share Profits in a 3:2