If a net income of $252,564 is to be divided

If a net income of $252,564 is to be divided amongst three business partners in the ratio 9:3:4, then what amount does the partner with the lowest share receive? give your answer to two decimal places.

Calculation of the Lowest Share    

The total number of parts in the ratio is calculated by summing the individual parts.             

 9+3+4=16  

The value of one part is determined by dividing the total net income by the total number of parts.              $252,564/16=$15,785.25

The lowest share is found by multiplying the value of one part by the smallest number in the ratio, which is 3.

3 times of $15,785.25= $47,355.75

Final Answer                

The partner with the lowest share receives $47,355.75.

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