Question 23 • Mathematics for Data and Financial Literacy
A partnership agreement specifies that Partner A receives 62% of the profits and Partner B receives 38% If the partnership earns $68,480 in profit, how much does Partner B receive?
Answer
A
25 dollars comma 222 point 4 0
B
27 dollars comma 142 point 4 0
C
26 dollars comma 022 point 4 0
D
28 dollars comma 803 point 2 0
Explanation
Partner B receives 38% of the profit. Calculate 0.38 × $68,480 = $26,022.40, so Partner B receives $26,022.40, choice C.
AI-written and checked against the verified answer.