Math Problem Statement
Three men invested $2000, $3000, and $5000, respectively, when they formed a partnership. The profit at the end of the first year was $1920. How much should the man who invested $2000 receive if the profits are divided in accordance with the amounts invested?
Solution
To divide the profit of $1920 in proportion to the amounts invested, we first need to determine the ratio of each man’s investment to the total investment.
Step 1: Calculate the total investment
The total investment is the sum of the three individual investments:
Step 2: Find the ratio of each person's investment
- The man who invested $2000:
- The man who invested $3000:
- The man who invested $5000:
Step 3: Distribute the profit
Now, we distribute the total profit of $1920 according to these ratios:
- The man who invested $2000 should receive:
Answer:
The man who invested $2000 should receive $384 from the profit.
Would you like further details or have any questions?
Here are five related questions:
- How much will the man who invested $3000 receive?
- How much will the man who invested $5000 receive?
- How would the profit distribution change if the total profit was $3000 instead of $1920?
- What if a fourth person invested $4000—how would the profits be divided then?
- How would a loss of $1920 be distributed based on the investments?
Tip: Always verify if ratios sum up to 1 when distributing profits to ensure correctness.
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Math Problem Analysis
Mathematical Concepts
Ratios
Proportions
Investment Profits
Formulas
Profit distribution formula: (individual investment / total investment) * total profit
Theorems
Basic ratio theorem for proportional distribution
Suitable Grade Level
Grades 8-10
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