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:
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Determine the total number of parts in the ratio:
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Calculate the value of one part:
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Calculate each partner's investment:
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First Partner (ratio 6):
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Second Partner (ratio 8):
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Third Partner (ratio 11):
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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:
- What is the percentage share of each partner in the total investment?
- If the restaurant makes a profit of $300,000, how should it be distributed among the partners?
- How would the investments change if the total investment were $1,500,000 instead?
- What would be the new ratio if the second partner increased their investment to $400,000?
- 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
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