QUESTION 3 of 10:You are going into business with 4 equal partners (not counting yourself)If in 6 years, the business is making a profit of 1,000,000 what is your share? a) 180,000 b) 190,000 c) 200,000 d) 210,000

To solve this problem, we need to find the profit share of each partner.<br /><br />Given information:<br />- The business is making a profit of $1,000,000 in 6 years.<br />- There are 4 equal partners (not counting yourself).<br /><br />Step 1: Calculate the profit share of each partner.<br />Total profit = $1,000,000<br />Number of partners = 4<br /><br />Profit share of each partner = Total profit / Number of partners<br />Profit share of each partner = $1,000,000 / 4 = $250,000<br /><br />Step 2: Calculate your share.<br />Since you are one of the 4 equal partners, your share would be the same as the profit share of each partner.<br /><br />Your share = $250,000<br /><br />Therefore, the correct answer is:<br />c) $200,000