Question

In its second year of operation, a local internet providers profit were $178,500. If this amount was 606% of the company's first year profit, find the first year profit

Answer 1

Answer:,the first year's profit is 29456

Explanation:

Let x represent the company's first year profit.

In its second year of operation, the local internet providers profit were $178,500. If this amount was 606% of the company's first year profit, it means that this years profit = 606/100 × the amount of profit that the company made last year. It becomes

606/100× x = 6.06×x = 178500

6.06x = 178500

x = 178500/6.06 = $29455.45

Approximately $29456