Question: Three business partners shared all the proceeds from the sale of their privately held company. If the partner with the largest share received exactly 5/8 of the total proceeds, how much money did the partner with the smallest share receive from the sale?
(1) The partner with the smallest share received from the sale exactly 1/5 the amount received by the partner with the second largest share.
(2) The partner with the second largest share received from the sale exactly half of the two million dollars received by the partner with the largest share.
Answer explanation:
(5/8)T + M + S = T.
Since the question asks us the value of S, we can simplify the equation again as follows:
S = M + (3/8)T
Comment: even though answer is correct ... the above equation should be S + M = (3/8) T