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? Write an equation and solve

Answer 1

x = 450000 happy to help

Answer 2

Let the total amount of profit from the company be x. Therefore, 1/3x = 150000. We can then solve this equation to find the toal profit.

1/3x = 150000

Multiply by 3 on both sides.

x = 450000

Thus, the total profit the company made is $450,000.