Question

Lisa and Mike are partners in a business. The income that the business earns is divided between Lisa and Mike in a 2:3 ratio respectively. Their business earned an income of $250,000 this year. How much will Lisa receive?

Answer 1

Answer :  Lisa earns $100,000 and

Mike earns $150,000

Explanation :

Let the share of income Lisa earns be 2x

Let the share of income Mike earns be 3x

According to question,

$2x+3x= \ 250,000\\\\5x=\ 250,000\\\\x=\frac{250000}{5}\\\\x=\ 50,000$

So,

$\text{Lisa's share} = 2\times 50000=\ 100000\\\\\text{Mike's share }= 3\times 50000=\ 150000$

Hence, Lisa earns $100,000adn

Mike earns $150,000