Two brothers invested a total of N5,000.00 on a farm project, the farm yield was sold for N 15,000.00 at the end of the season. If the profit was shared in the ratio 2 : 3, what is the difference in the amount to profit received by the brothers?

A.

N2,000.00

B.

N4,000.00

C.

N6,000.00

D.

N10,000.00

Correct answer is A

Total amount invested by A and B = N5,000

farm yield was sold for N15,000.00

profit = 15,000.00 - 5,000.00

= N10,000.00

Profit was shared in ratio 2 : 3

2 + 3 = 5

A received \(\frac{2}{5}\) of profit = \(\frac{2}{5}\) x 10,000 = N4,000.00

A receive \(\frac{3}{5}\) of profit = \(\frac{3}{5}\) x 10,000 = N6,000.00

Difference in profit received = N6,0000 - N4,000.00

= N2,000.00