Turn on thread page Beta
    • Thread Starter
    Offline

    6
    ReputationRep:
    f) With the remaining amount divide the profit between yourself and your partner 50:50 if the remainder is less than £20,000 or 70:30 in your favour if more than £20,000.

    Basically i had to make a hypothetical business with a partner and have just calculated our profits which is £1,470. I have a feeling the question is really simple but i'm confused of what they're asking me...

    This question is from my university assignment task, most of the questions don't make sense to me anyway
    Offline

    18
    ReputationRep:
    (Original post by john pyle)
    f) With the remaining amount divide the profit between yourself and your partner 50:50 if the remainder is less than £20,000 or 70:30 in your favour if more than £20,000.

    Basically i had to make a hypothetical business with a partner and have just calculated our profits which is £1,470. I have a feeling the question is really simple but i'm confused of what they're asking me...

    This question is from my university assignment task, most of the questions don't make sense to me anyway
    Well we kinda need to see the whole question.

    The question is self explanatory. If remainder is less than 20k split half half.

    If more than 20k split it so you get 70%

    If what you calculated is the remainder, and you have done it correctly, then you get half of that as it is less than 20k

    Posted from TSR Mobile
    • Thread Starter
    Offline

    6
    ReputationRep:
    (Original post by 2710)
    Well we kinda need to see the whole question.

    The question is self explanatory. If remainder is less than 20k split half half.

    If more than 20k split it so you get 70%

    If what you calculated is the remainder, and you have done it correctly, then you get half of that as it is less than 20k

    Posted from TSR Mobile
    That is the whole question, the question before that only wanted me to calculate the profit earned.
 
 
 
Reply
Submit reply
Turn on thread page Beta
Updated: December 2, 2014

University open days

  • University of East Anglia
    UEA Mini Open Day Undergraduate
    Fri, 23 Nov '18
  • Norwich University of the Arts
    Undergraduate Open Days Undergraduate
    Fri, 23 Nov '18
  • Edge Hill University
    All Faculties Undergraduate
    Sat, 24 Nov '18
Poll
Black Friday: Yay or Nay?
Useful resources

Make your revision easier

Maths

Maths Forum posting guidelines

Not sure where to post? Read the updated guidelines here

Equations

How to use LaTex

Writing equations the easy way

Equations

Best calculators for A level Maths

Tips on which model to get

Student revising

Study habits of A* students

Top tips from students who have already aced their exams

Study Planner

Create your own Study Planner

Never miss a deadline again

Polling station sign

Thinking about a maths degree?

Chat with other maths applicants

Can you help? Study help unanswered threads

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.