If £480 is shared in the ratio 1:2:3,what is the value of each share?
x + 2x + 3x = 480
6 x = 480
x = 80
2x = 160
3x = 240
Thank you very much 😀
To find the value of each share, we first need to calculate the sum of the ratio values. In this case, the sum is 1+2+3 = 6.
Next, we divide the total amount (£480) by the sum of the ratio values (6) to get the value of each share.
Value of each share = Total amount / Sum of ratio values
= £480 / 6
= £80
Therefore, each share is valued at £80.