PLEASE HELP WITH THE FOLLOWING
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We have been given that last year, the business had profit of $8000.
Further, we are given that, the profit for this year will be 5 times as great the profit of last year. So, in order to find profit of current year, we will have to consider 5 times of $8000.
Therefore, we get the profit for current year as:
Therefore, profit for current year would be 40,000 dollars.