To find Janice's share of the profit, we first need to understand the share ratio.

1. The share ratio between Jerry and Janice is 40,000:60,000. This can be simplified by dividing both numbers by the greatest common divisor, which is 20,000. So, the simplified ratio is 2:3. This means for every 5 parts of the profit, Janice gets 3 parts.

2. Next, we need to find out what each 'part' is worth. To do this, we divide the total profit by the total number of parts in the ratio. The total profit is $501,000 and the total number of parts is 5 (2 parts for Jerry and 3 parts for Janice). So, each part is worth $501,000 / 5 = $100,200.

3. Finally, to find out Janice's share, we multiply the value of one part by the number of parts Janice has in the ratio. Janice has 3 parts, so her share is 3 * $100,200 = $300,600.

So, Janice's share of the profit is nearest to $300,600.

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To find Janice's share of the profit, we first need to understand the share ratio.

1. The share ratio between Jerry and Janice is 40,000:60,000. This can be simplified by dividing both numbers by the greatest common divisor, which is 20,000. So, the simplified ratio is 2:3. This means for every 5 parts of the profit, Janice gets 3 parts.

2. Next, we need to find out what each 'part' is worth. To do this, we divide the total profit by the total number of parts in the ratio. The total profit is $501,000 and the total number of parts is 5 (2 parts for Jerry and 3 parts for Janice). So, each part is worth $501,000 / 5 = $100,200.

3. Finally, to find out Janice's share, we multiply the value of one part by the number of parts Janice has in the ratio. Janice has 3 parts, so her share is 3 * $100,200 = $300,600.

So, Janice's share of the profit is nearest to $300,600.

Knowee AI · Accepted Answer

To find Janice's share of the profit, we first need to understand the share ratio.

1. The share ratio between Jerry and Janice is 40,000:60,000. This can be simplified by dividing both numbers by the greatest common divisor, which is 20,000. So, the simplified ratio is 2:3. This means for every 5 parts of the profit, Janice gets 3 parts.

2. Next, we need to find out what each 'part' is worth. To do this, we divide the total profit by the total number of parts in the ratio. The total profit is $501,000 and the total number of parts is 5 (2 parts for Jerry and 3 parts for Janice). So, each part is worth $501,000 / 5 = $100,200.

3. Finally, to find out Janice's share, we multiply the value of one part by the number of parts Janice has in the ratio. Janice has 3 parts, so her share is 3 * $100,200 = $300,600.

So, Janice's share of the profit is nearest to $300,600.

The share ratio for the two owners of a company, Jerry and Janice, is40 000 : 60 000. The company’s profit is $501 000. Janice’s share of the profitis nearest to:

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