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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?

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?

Algebra for College Students
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter14: Sequences And Mathematical Induction
Section14.3: Another Look At Problem Solving
Problem 29PS
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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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