Julie and Kristen are partners in a local sporting store. they needed $51,000 to start the business. They invest in the ratio 5:12, respectively

A). how much money did each invest

B). what percent of the business was owned by Kristen round to the nearest 10th.

c). if the business grows 3,000,000 what percent of it will Julie own. round to the nearest 10th

Question

Mathematics

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23 September, 12:51

Julie and Kristen are partners in a local sporting store. they needed $51,000 to start the business. They invest in the ratio 5:12, respectively

A). how much money did each invest

B). what percent of the business was owned by Kristen round to the nearest 10th.

c). if the business grows 3,000,000 what percent of it will Julie own. round to the nearest 10th

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Answers (1)

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Maverick Spears · Answer 1

5:12 is the same as 5x:12x where Kristen's share is 12x - - - Julie's percentage = 5x/17x = 5/17 = 29.4% - - - Kristen's percentage = 12x/17x = 12/17 = 70.6%