Give the step-by-step reasoning process and then the final answer. The profit from a business transaction is shared among 2 business partners, Mike and Johnson in the ratio 2:5 respectively. If Johnson got $2500, how much will Mike have after spending some of his share on a shirt that costs $200?
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According to the ratio, for every 5 parts that Johnson gets, Mike gets 2 parts. Since Johnson got $2500, each part is therefore $2500 / 5 = $500. Mike will get 2 * $500 = $1000. After buying the shirt he will have $1000 - $200 = $800 left.
The final answer: 800.
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