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.

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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

  1. 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 $Q$)
  2. Understand Total Profit for 2019

    The total profit for 2019 is given as $19200$. We can express this as an equation: $$ 6400 + R + Q = 19200 $$

  3. Calculate the Total Profit Contribution by R and Q

    Rearranging the equation gives us: $$ R + Q = 19200 - 6400 $$ $$ R + Q = 12800 $$

  4. 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.

  5. 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: $6/30$
  6. Express Individual Shares in Terms of Total Profit

    Assigning the total profit among the partners based on the share:

    • P's profit share: $$ P's , Share = 19200 \times \frac{12}{30} = 7680 $$

    • Q's profit share: $$ Q's , Share = 19200 \times \frac{12}{30} = 7680 $$

    • R's profit share: $$ R's , Share = 19200 \times \frac{6}{30} = 3840 $$

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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