Math Problem Statement

three partners are investing a total of 1200000 in a new restaurant. their investments are in the ratio of 6:8:11. How much did each invest?

Solution

To find out how much each partner invested, we need to divide the total investment of $1,200,000 according to the given ratio of 6:8:11. Let's break this down step by step:

  1. Determine the total number of parts in the ratio: 6+8+11=256 + 8 + 11 = 25

  2. Calculate the value of one part: Value of one part=Total InvestmentTotal parts=1,200,00025=48,000\text{Value of one part} = \frac{\text{Total Investment}}{\text{Total parts}} = \frac{1,200,000}{25} = 48,000

  3. Calculate each partner's investment:

    • First Partner (ratio 6): Investment=6×48,000=288,000\text{Investment} = 6 \times 48,000 = 288,000

    • Second Partner (ratio 8): Investment=8×48,000=384,000\text{Investment} = 8 \times 48,000 = 384,000

    • Third Partner (ratio 11): Investment=11×48,000=528,000\text{Investment} = 11 \times 48,000 = 528,000

So, the investments are:

  • First Partner: $288,000
  • Second Partner: $384,000
  • Third Partner: $528,000

Would you like more details or have any questions about this calculation?

Here are 5 related questions to consider:

  1. What is the percentage share of each partner in the total investment?
  2. If the restaurant makes a profit of $300,000, how should it be distributed among the partners?
  3. How would the investments change if the total investment were $1,500,000 instead?
  4. What would be the new ratio if the second partner increased their investment to $400,000?
  5. How would you determine the individual investments if one partner's contribution was unknown?

Tip: When dealing with ratios and proportions, always verify that the total of the calculated parts matches the total quantity given.

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Math Problem Analysis

Mathematical Concepts

Ratios
Proportions
Division of Amounts

Formulas

Total parts = sum of the ratio terms
Value of one part = Total Investment / Total parts
Individual Investment = Ratio part × Value of one part

Theorems

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Suitable Grade Level

Grades 6-8