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13 May, 15:45

Jim and Gail invested a total of $3,600 in a stock, in a ratio of 5:7. The stock made $6,450 on top of the initial capital. If the payoff is done in the same ratio, how much does Gail get?

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  1. 13 May, 16:08
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    Answer: Gail will get $3762.50 from the payoff.

    Jim and Gail are dividing the money according to the ratio 5:7. That means if there are 12 parts, Jim will get 5 and Gail will get 7.

    Therefore, we can write and solve the following proportion for the amount that Gail will get (7/12)

    7/12 = x/6450

    x = 3762.5
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