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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 profit if Jerome made a hundred and fifty thousand type the equation and solve

User Bernie Habermeier
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1 Answer

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19 votes

We will determine the company profits as follows:


c=3j\Rightarrow c=3(150000)\Rightarrow c=450000

So, the company profits is $450 000 a year.

***Explanation***

From the text we know that the profits of Jerome are 1/3 of the company's, that is:


j=(1)/(3)c

Here "j" represents Jerome's earnings and "c" represents the company's earnings.

*Since his earnings are represented in terms of the company we represent the company's earning in terms of Jeromes's earnings, that is:


j=(1)/(3)c\Rightarrow c=3j

Since we know that Jerome's earnings were $150 000, we replace and solve for "c":


\Rightarrow c=3(150000)\Rightarrow c=450000

So, the earning of the company is $450 000.

User Tarasinf
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