Question

High Construction Company distributed 8% of its total profit, an amount equal to $5500 in

Answer 1

Given :

High Construction Company distributed 8% of its total profit, an amount equal to $5500 in  bonus this year.

To Find :

The total profit .

Solution :

Let , total profit be x .

It is given that 8 % of the total profit is equal to $5500 .

So ,

$\dfrac{8x}{100}=5500\\\\x=\dfrac{5500\times 100}{8}\\\\x=\ \ 68750$

Therefore , total profit is $68750 .

Hence , this is the required solution .