Find all School-related info fast with the new School-Specific MBA Forum
Learn more about the recent changes... close

It is currently 21 May 2013, 14:05
Customize  |  Hide

Search
Register
New posts
Unanswered

Robert and Susan entered into a partnership. Robert is a

  Question banks Downloads My Bookmarks Reviews  
  Oldest Best Reply
Search for:
 
Print view
First unread post
Author Message
TAGS:
Senior Manager
Senior Manager
User avatar
Joined: 30 Aug 2003
Posts: 335
Location: BACARDIVILLE
Followers: 1

Kudos [?]: 0 [0], given: 0

GMAT Tests User
Robert and Susan entered into a partnership. Robert is a [#permalink] New post 13 Mar 2004, 16:21
00:00

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
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

Director
Director
User avatar
Joined: 05 May 2003
Posts: 560
Location: Aus
Followers: 2

Kudos [?]: 3 [0], given: 0

GMAT Tests User
 [#permalink] New post 13 Mar 2004, 17:58
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, 17:58
    Similar topics Author Replies Last post
Similar
Topics:
 New posts The qualities of independence and courage such as Robert becoolja 6 21 Jul 2004, 07:07
Popular new posts Roberts is accused of a crime, and Edwards is the anuramm 10 27 Jul 2004, 10:19
New posts Robert Linda Parbe 1 14 Sep 2007, 08:19
New posts Robert and Alice drive in the same direction cano 5 17 Sep 2010, 03:20
New posts Robert Merton Returns to MIT Sloan Alchemist1320 0 03 Jul 2011, 07:31
Display posts from previous: Sort by

Robert and Susan entered into a partnership. Robert is a

  Question banks Downloads My Bookmarks Reviews  
Print view
First unread post

Moderators: Bunuel, VeritasPrepKarishma, IanStewart

Search for:


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.

Main navigation

GMAT Resources

Partners

MBA Resources

www.gmac.com|www.mba.com