Two brothers invested a total of N5,000.00 on a farm project, the farm yield was sold for N 15,000.00 at the end of the season. If the profit was shared in the ratio 2 : 3, what is the difference in the amount to profit received by the brothers?
A. N2,000.00 B. N4,000.00 C. N6,000.00 D. N10,000.00
Correct Answer: A
Explanation
Total amount invested by A and B = N5,000 farm yield was sold for N15,000.00 profit = 15,000.00 - 5,000.00 = N10,000.00 Profit was shared in ratio 2 : 3 2 + 3 = 5 A received \(\frac{2}{5}\) of profit = \(\frac{2}{5}\) x 10,000 = N4,000.00 A receive \(\frac{3}{5}\) of profit = \(\frac{3}{5}\) x 10,000 = N6,000.00 Difference in profit received = N6,0000 - N4,000.00 = N2,000.00
