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Robert and Susan entered into a partnership. Robert is a

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Senior Manager
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Robert and Susan entered into a partnership. Robert is a [#permalink] New post 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
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Senior Manager
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 [#permalink] New post 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
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Robert and Susan entered into a partnership. Robert is a

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