The company's profit in fifth month will be $506.25
<u>Profit</u><u> :</u> The gain in an expenditure, that is when the return is higher than the original amount, then the gained extra amount is called profit.
Example : If someone sell a toy of $10 in $15, then he gained profit & his profit is $(15-10) = $5.
A company earns a profit of $100 the first month it is in business.
Every month after that, the company earns a profit that is 1.5 times the previous month's profit.
<u>In 1st </u><u>Month</u><u>,</u>
Profit = $100
<u>In 2nd </u><u>Month</u><u>,</u>
Profit = 1.5 times of profit of 1st month
= 1.5 × $100
= $150
<u>In 3rd </u><u>Month</u><u>,</u>
Profit = 1.5 times of the profit of 2nd month
= 1.5 × $150
= $225
<u>In 4th </u><u>Month</u><u>, </u>
Profit = 1.5 times of the profit of 3rd month
= 1.5 × $225
= $337.5
<u>In 5th </u><u>Month</u><u>,</u>
Profit = 1.5 times of the profit of 4th month
= 1.5 × $337.5
= $506.25
So, the profit of 5th month = $506.25
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