Math Problem Statement
A, B, and C started a business with investments of $5000, $6000, and $7000 respectively. After 4 months, A withdraws $1000, B withdraws $1200, and C withdraws $1400. If the total profit at the end of the year is $18000, what is B's share of the profit?
Solution
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Math Problem Analysis
Mathematical Concepts
Proportional Distribution
Partnership
Capital Investment
Time and Profit Distribution
Formulas
Effective capital contribution = (Initial Investment × Time before Withdrawal) + (Reduced Investment × Time after Withdrawal)
Share of Profit = (Effective Capital Contribution of Partner / Total Effective Capital Contribution) × Total Profit
Theorems
Proportional distribution of profit in partnership based on capital and time of investment
Suitable Grade Level
Grades 10-12
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