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Bad White [126]
3 years ago
9

Lynh manages a small company with 12 employees. He offers profit sharing where 5% of profits at end of year is distributed evenl

y to the employees. Each employee earned $2,300 in profit sharing in 2013. What was the total profit?
Mathematics
2 answers:
soldier1979 [14.2K]3 years ago
6 0
46,000 I got by divide 2,300 by 5 and I got 460 then I time it by 100

garik1379 [7]3 years ago
4 0

We need to find the total profit of Lynh Mangoes. It is given that the 5 % of profit to be distributed equally between 12 employees.

Profit received by each employee = $ 2,300

Total profit received by 12 employees = $ 2,300 × Profit received by each employee

Total profit received by 12 employees = $ 27,600

It is given that 5 % to be distributed.

Thus, 5 % of total profit = $ 27,600

Total profit = $ 27,600 ÷ 5 %

<u>Total profit = $ 552,000</u>

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3 years ago
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Answer:

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Reference my work if you're are confused, however, it's really messy so sorry about that.

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