Question

Jerome is a co-owner of a small company and received 1/3 of the company’s profits this year. What were the company’s overall profits if Jerome made $150,000? Type an equation and solve..

Answer 1

Answer: $450,000

Explanation:

Answer 2

Answer: $450,000

Explanation:

We know that Jerome's earnings were from $150,000

And we know that this was 1/3 of the company's overall earnings.

Then let's call "x" to the company's general earnings

So a third multiplied by x must equal Jerome's earnings

`(1)/(3)x=150,000`

Now we solve the equation for the variable x

`x=150,000*3\\\\x= \$450,000`

Finally, the general earnings of the company were $450,000