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: 2000+3000+5000=100002000 + 3000 + 5000 = 10000

Step 2: Find the ratio of each person's investment

  • The man who invested $2000:
    200010000=0.2\frac{2000}{10000} = 0.2
  • The man who invested $3000:
    300010000=0.3\frac{3000}{10000} = 0.3
  • The man who invested $5000:
    500010000=0.5\frac{5000}{10000} = 0.5

Step 3: Distribute the profit

Now, we distribute the total profit of $1920 according to these ratios:

  • The man who invested $2000 should receive: 0.2×1920=3840.2 \times 1920 = 384

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:

  1. How much will the man who invested $3000 receive?
  2. How much will the man who invested $5000 receive?
  3. How would the profit distribution change if the total profit was $3000 instead of $1920?
  4. What if a fourth person invested $4000—how would the profits be divided then?
  5. 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