A partnership with 10 partners distributes its profits of $450,000 equally to the partners except partner #10 who receives

5% of the total profit. How much do partners #1-9 get equally?

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Answer: Partners #1-9 get $47,500 each.

Explanation:

Hi, to answer this question, first, we have to calculate the amount received by partner #10, by multiplying the total profit by the percentage in decimal form (5%)

Mathematically speaking:

450,000x (5/100) = $22,500

So, the profit left is:

450,000-22,500 = $427,500

Finally we divide the result by the number of partners left (9)

427,500 / 9 = $47,500

Partners #1-9 get $47,500 each.

Feel free to ask for more if needed or if you did not understand something.