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

Ask a new question for Free

By Image

Drop file here or Click Here to upload

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