Homework Help: quantitative decision making

Posted by philip on Sunday, March 11, 2012 at 6:05pm.

james and john invested Ľ700 and Ľ300 respectively, at the end the of one year, they divided their profits such that a third of the profit is divided equally for the efforts they have put into the business and the remaining amount of profit is divided in the ratio of the investments they made in the business. if james received Ľ800 more than john did, what was the profit made by their business in that year?

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