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# Robert and Susan entered into a partnership. Robert is a

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Senior Manager
Joined: 30 Aug 2003
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Location: BACARDIVILLE
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Robert and Susan entered into a partnership. Robert is a [#permalink]  13 Mar 2004, 15:21
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Robert and Susan entered into a partnership. Robert is a working partner who recieves 16.67% of the total profit for his services. The balance of the profit is split between the two partners in the ratio of their investments. Robert had invested $42,000 and recieved$6,120 totally and the company made a total profit of $11,520, how much did Susan invest in the business? 36,000 54,000 37,000 84,000 None of the above _________________ Pls include reasoning along with all answer posts. ****GMAT Loco**** Este examen me conduce jodiendo loco Senior Manager Joined: 05 May 2003 Posts: 426 Location: Aus Followers: 2 Kudos [?]: 5 [0], given: 0 [#permalink] 13 Mar 2004, 16:58 54000 16.67% of 11,520 is 1920 Roberts totally get 6120 But his share of profit is 4200 for the 42000 investment So, to get 5400 susan must have invested 54000 [#permalink] 13 Mar 2004, 16:58 Similar topics Replies Last post Similar Topics: Mary and Mike enter into a partnership by investing$700 and 2 22 Aug 2013, 10:46
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