Question

In the fifth year of operation the profit of a company was 3 times the profit it earned in the first year of operation if its profit was $114,000 in the fifth year if operation what was the profit in the first year?

Answer 1

Let the profit at the first year be X
3x=114000
Solve for x by dividing each side by 3

3x/3=114000/3
X=38,000

So the profit was 38000