60/40 Split Money Calculator
60/40 Split Money Calculator
The 60/40 split money calculator is a simple yet powerful finance tool which helps you to split the amount in the 60:40 ratio. The 60/40 split money calculator can be used in a wide variety of scenarios ranging from splitting the money to pay the restaurant bill to splitting the money to pay the rent.
This 60/40 split money calculator will help you split the money in the 60:40 ratio within a fraction of a second.
What is a 60/40 Split?
A 60/40 split refers to a property or money settlement in which one party gets the 60% of the total asset, while the other party receives the 40%.
How to Calculate the 60/40 Split?
To split the amount in 60/40 between two persons, we use the following mathematical formula:
First Person (60%) = 60% of the Total Amount
Second Person (40%) = 40% of the Total Amount
Example 1: Calculate the 60/40 split between Michael and John if the total amount is $1500.
Total amount = $1500
Michael’s Part = 60% of $1500 => (60 x $1500)/100 => $900
John’s Part = 40% of $1500 => (40 x $1500)/100 => $600
Therefore, Michael Amount = $900 and John Amount = $600.