The amount of money received by Jason and Mary will be $280 and $200 respectively.
Amount to be shared = $480
Amount that Jason will receive:
= 7/(5+7) × $480
= 7/12 × $480
= $280
Amount received by Mary will be:
= 5/(5+7) × $480
= 5/12 × $480
= $200
Therefore, the amount of money received by Jason and Mary will be $280 and $200 respectively.
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