Question

The profit that a business made during a year is 536,897,000. If the business divides the profit evenly for each share, estimate how much each share made if there are 10,995,000 shares.

Answer 1

we are given

total profit is $536,897,000

so,
`P=536897000`

total number of shares is 10,995,000

so,
`N=10995000`

now, we can find profit of each share

so, profit of each shape = ( total profit)/(total number of shares)

so, we get

`x=(P)/(N)`

now, we can plug values

`x=(536,897,000)/(10,995,000)`

now, we can solve it

`x=48.83101`

so,

profit of each share is $48.83101..........Answer