Jed and Ej decided that their profit and loss sharing ratio should be equal to their initial capital investment. If Jed and Ej had capital balances of P 200, 000.00 and P 100, 000.00, respectively, how much profit would Ej get if Jed got P 50,000.00 for last year?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 65SE: Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount...
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Jed and Ej decided that their profit and loss sharing ratio should be equal to their initial capital investment. If Jed and Ej had capital balances of P 200, 000.00 and P 100, 000.00, respectively, how much profit would Ej get if Jed got P 50,000.00 for last year?

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