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 pr
ofit was $114,000 in the fifth year if operation what was the profit in the first year?
1 answer:
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
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