Question
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Mark and Janet buy gold coins costing R 435000 . Mark contributes R163 12 Janet contributes the balance. How many coins should each receive based on ratio split if there are 24 coins altogether?

Ask by Willis Santiago. in South Africa
Jan 21,2025

Real Tutor Solution

Tutor-Verified Answer

Answer

Mark should receive 1 coin and Janet should receive 23 coins.

Solution

To determine how many gold coins Mark and Janet should receive based on their contributions, let's break down the problem step by step. ### **1. Understanding the Contributions** - **Total Cost of Coins:** R435,000 - **Mark's Contribution:** R16,312 - **Janet's Contribution:** \[ R435,000 - R16,312 = R418,688 \] ### **2. Calculating the Ratio of Contributions** The ratio of Mark's contribution to Janet's contribution is: \[ \text{Mark} : \text{Janet} = 16,312 : 418,688 \] To simplify this ratio, divide both numbers by their greatest common divisor (GCD), which is 8: \[ \frac{16,312}{8} : \frac{418,688}{8} = 2,039 : 52,336 \] ### **3. Distributing the 24 Coins** Given the simplified ratio of 2,039 : 52,336, we need to distribute 24 coins proportionally. First, find the total parts: \[ 2,039 + 52,336 = 54,375 \text{ parts} \] Next, determine the number of coins each should receive: - **Mark's Share:** \[ \frac{2,039}{54,375} \times 24 \approx 0.9 \text{ coins} \] - **Janet's Share:** \[ \frac{52,336}{54,375} \times 24 \approx 23.1 \text{ coins} \] ### **4. Final Allocation** Since coins can't be split into fractions in a practical scenario: - **Mark receives:** 1 coin - **Janet receives:** 23 coins This allocation ensures that both Mark and Janet receive whole coins proportional to their financial contributions. **Final Answer:** Mark should receive 1 coin and Janet should receive 23 coins out of the 24 total.

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Beyond the Answer

Mark contributes R 163,112, while Janet's contribution can be calculated as the balance, which is R 435,000 - R 163,112 = R 271,888. To find the ratio of their contributions, we can express it as Mark’s R 163,112 to Janet’s R 271,888, simplifying it gives us a ratio of approximately 1:1.67. Given there are a total of 24 coins, we need to divide the coins based on the ratio. The total parts of the ratio are 1 + 1.67 = 2.67. Mark's share will be (1/2.67) * 24 ≈ 9 coins, and Janet's share will be (1.67/2.67) * 24 ≈ 15 coins. So, Mark receives 9 coins and Janet receives 15 coins.

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