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A system is tasked with solving the following problem: 'A company's profit was $50,000 in the first quarter. In the second quarter, it increased by 20%. In the third quarter, it decreased by $10,000 from the second quarter's profit. What was the profit in the third quarter?' Arrange the following actions into a logical, step-by-step reasoning path to arrive at the correct solution.

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Updated 2025-10-02

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