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Axel, Bonita, and Chip Are Partners in Business

Question 67

Multiple Choice

Axel, Bonita, and Chip are partners in business. The ratio of ownership of the partnership between Axel, Bonita, and Chip respectively is 5:4:10. If Bonita's share is worth $28,000 what is the value of the whole business?


A) $56,000
B) $35,000
C) $112,000
D) $133,000
E) $70,000

Correct Answer:

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