BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Nick and Matt are the partners in a local health food store. They needed $73, 000 to start the business.They invested in the ratio 3:7, Nick to Matt. How much money was invested by Nick?
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$51, 900
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$21, 900
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$51, 100
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$21, 100
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Explanation:
Detailed explanation-1: -The amount that each invested is: Nick $21, 900; Matt $51, 100. b. Percent of the business owned by Matt is 70%. Inconclusion the amount that each invested is Nick $21, 900; Matt $51, 100 and the percent of the business owned by Matt is 70%.
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