Question

Lisa and Mike in a 2:3 ratio respectively. Their business earned an income of $250,000 this year. How much will Lisa receive?

Answer 1

Answer:

Lisa will receive $100,000.

Step-by-step explanation:

If Lisa and Mike earn in a 2:3 ratio respectively, and their business earned an income of $250,000 this year, in order to know how much will Lisa receive we have to do the following calculation:

For every 2 dollars Lisa earns, Mike earns 3. So, at first, we can say that there is a 2/5 + 3/5 proportion of earnings between them.

According to this, we can divide 250,000 by 5 and then multiply it by the respective number that Lisa and Mike earn in proportion to the total.

Therefore, as 250,000 / 5 is equal to 50,000, and 50,000 x 2 is equal to 100,000, Lisa will receive $100,000, while Mike will receive $150,000.

Answer 2

First, add the numbers of the ratio: 2 + 3 = 5 2. Next, we'll divide the total cost ($250,000) by 5. 250,000 / 5 = 3. After, let's multiply this number by each of the numbers of the ratio: 50,000 x 2 = 100,000, and 50,0000 x 3 = 150,000. Solution: Lisa will receive $100,000 of income.