Maria and Mike entered into a partnership by investing $700 and $300 respectively. At the end of one year, they divided the profits so that one-third of the profits were divided equally due to the efforts of each in the business. The remaining profits were divided at the ratio of the investments each made in the business. 

If Mary received $800 more than Mike, what was the profit produced by the business in that year?

Answer rating: 100% (QA)

Lets first calculate the ratio of their investments Marias investment 700 Mikes investment 300 Total ... View the full answer