A commission of $1,000 is to be divided between two people in a 3:5 ratio. How much should each person receive?
Please don't change names with each post.
1,000 / 8 = 125
3 * 125 = ?
5 * 125 = ?
To divide the commission of $1,000 between two people in a 3:5 ratio, you need to calculate the total ratio parts.
The total ratio parts are found by adding the two parts of the ratio together: 3 + 5 = 8.
Next, determine the value of one ratio part by dividing the total commission by the total ratio parts: $1,000 / 8 = $125.
Now, multiply the ratio parts by the value of one ratio part to find the amount each person should receive:
Person 1: 3 parts * $125 = $375
Person 2: 5 parts * $125 = $625
Therefore, Person 1 should receive $375, and Person 2 should receive $625.