Question

You and three friends own a paint shop. The shop's profit was $536 in the first month. You always divide the profits equally. In two months, each of you had made $224. How much profit did the shop make in the second month?

Answer 1

To find out the shop's profit in the second month, subtract the first month's profit from the total profit for two months divided by the four owners. The shop made a $360 profit in the second month.

Step-by-step explanation:

To solve this problem, we need to determine how much profit the paint shop made in the second month. We know that the total profit for two months was $224 times four owners, and that the profit for the first month was $536. So, we can set up an equation where the sum of both months' profits equals the total amount each owner has made after two months.

Let's denote the profit in the second month as P. The total profit for two months is:

(Profit in the first month) + P = (Individual owner's profit after two months) x (Number of owners)

$536 + P = $224 x 4

Now we can calculate:

$536 + P = $896

To find the profit for the second month P, we subtract the profit of the first month from the total:

P = $896 - $536

P = $360

Therefore, the paint shop made a $360 profit in the second month.

Answer 2

$896 because it is 4 people mulplied by 224