Question

In its second year of operation, a local internet provider's profits were $171,500. If this amount was 666% of the company's first-year profits, find the first-years profits

Answer 1

The first year profit of the local internet provider was $ 22,389.04.

What was the profit of a company in its second year of operation?

According to the statement, we find that the profit of the company in its second year of operation is 666 % greater than its profit in its previous year, that is, the profit in its second year of operation is 7.66 times the profit in its first year of operation. Then, the missing profit is found by using the following arithmetic expression:

x = 171,500 / 7.66

x = 22,389.04

The first year profit of the local internet provider was $ 22,389.04.

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