7. Cymund and Jessica are partners who agreed to share contribution in a ratio
2:3. If the needed capital for them to establish their business is 50, 000, how
much should each partner contribute?
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7. Cymund and Jessica are partners who agreed to share contribution in a ratio
2:3. If the needed capital for them to establish their business is 50, 000, how
much should each partner contribute?
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Answer:
Cymund will contribute 20, 000 and Jessica will contribute 30, 000.
Step-by-step explanation
2+3 = 5
50,000/5 = 10,000
2 x 10000 = 20,000
3 x 10000 = 30,000
Therefore, Cymund will contribute 20, 000 and Jessica will contribute 30, 000.