# GMAT Quant Questions | Ratio Proportion Q2

#### GMAT Sample Questions | Ratio Proportion | Word Problem

The given question is a GMAT 600 - 650 arithmetic question from the topic Ratio & Proportions. This GMAT sample question tests the concept of division on profits based on proportion of investment made. A partnership question.

Question 2: Mary and Mike enter into a partnership by investing $700 and$300 respectively. At the end of one year, they divided their profits such that a third of the profit is divided equally for the efforts they have put into the business and the remaining profit is divided in the ratio of the investments they made in the business. If Mary received $800 more than Mike did, what was the profit made by their business in that year? 1.$2000
2. $6000 3.$4000
4. $1333 5.$3000

## GMAT Live Online Classes

### Explanatory Answer | GMAT Partnership Question 2

#### Step 3 of solving this GMAT Ratio Question: Compute total profit earned

Difference between amount shared between Mike and Mary is $800. 7y − 3y = 800 y =$200
Total profits on investment 10y = 2000
From equation 1, 10y = 4x
So, x = $$frac{2000}{4}$ = $500 Total profit earned 6x =$3000 #### Choice E is the correct answer. #### GMAT Online CourseTry it free! Register in 2 easy steps and Start learning in 5 minutes! #### Already have an Account? #### GMAT Live Online Classes Next Batch Sep 21, 2024 ## Additional Practice Questions in Ratio Proportion, Mixtures, Percents, Fractions, Profits, and Interest Work @ Wizako ##### How to reach Wizako? Mobile:$91) 95000 48484
WhatsApp: WhatsApp Now
Email: learn@wizako.com