Celimpilo, hloni, mick invest in the ratio 2:4:6 in a business. If the profit is R320000, how much does Mick get?
To find out how much Mick gets, we first need to determine Celimpilo and Hloni's share of the profit.
The total ratio is 2 + 4 + 6 = 12.
To calculate Celimpilo's share, we divide their ratio by the total ratio and multiply it by the profit:
Celimpilo's share = (2 / 12) * R320000 = R53333.33
To calculate Hloni's share, we do the same calculation:
Hloni's share = (4 / 12) * R320000 = R106666.67
Mick's share is calculated in the same way:
Mick's share = (6 / 12) * R320000 = R160000.
Therefore, Mick gets R160000 of the profit.