In the year 2019, R has invested for six months only while Q and P invested for the whole year. Find the total profit earned during the year 2019.
Understand the Problem
The question is asking to determine the total profit earned by business partners in 2019, given certain investment conditions and data from both a bar graph and a table. The task requires analyzing the contributions of partners Q, R, and P based on the provided data.
Answer
$19200$
Answer for screen readers
The total profit earned by the business partners in 2019 is $19200$.
Steps to Solve
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Read Data from the Table
From the table, we can see the profit earned by each partner in various years. For 2019:
- Profit by P: $6400$
- Profit by R: Not specified (let's denote it as $R$)
- Profit by Q: Not specified (let's denote it as $Q$)
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Understand Total Profit for 2019
The total profit for 2019 is given as $19200$. We can express this as an equation: $$ 6400 + R + Q = 19200 $$
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Calculate the Total Profit Contribution by R and Q
Rearranging the equation gives us: $$ R + Q = 19200 - 6400 $$ $$ R + Q = 12800 $$
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Determine the Investments for 2019
The problem states that R invested for 6 months, while Q and P invested for the whole year. Assuming equal share in profit based on the investment, we need to break down the contributions.
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Equitable Distribution of Profit
Given that:
- P invested for 12 months
- Q invested for 12 months
- R invested for 6 months
We can calculate the ratio of their investments as follows:
- Total months of investment = $P: 12 + Q: 12 + R: 6 = 30$
- P's share: $12/30$, Q’s share: $12/30$, R’s share: $6/30$
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Express Individual Shares in Terms of Total Profit
Assigning the total profit among the partners based on the share:
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P's profit share: $$ P's , Share = 19200 \times \frac{12}{30} = 7680 $$
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Q's profit share: $$ Q's , Share = 19200 \times \frac{12}{30} = 7680 $$
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R's profit share: $$ R's , Share = 19200 \times \frac{6}{30} = 3840 $$
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The total profit earned by the business partners in 2019 is $19200$.
More Information
The profit distribution reflects the time each partner had their capital active in the business operation, demonstrating the principle of equitable sharing based on investment duration.
Tips
- Ignoring Investment Duration: When calculating profits, it's crucial to consider how long each partner invested their capital. Not doing so could lead to incorrect profit distribution.
- Miscalculating Total Profit: Ensure that all individual contributions sum up to the total stated profit.
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