Question

In the fifth year of operation the profit of a company was 3 times the profit it earned in the first year of operation if its profit was $114,000 in the fifth year if operation what was the profit in the first year?

Answer 1

The profit of the first year was $38,000!!!! hope it helps!!

Answer 2

Answer: $ 38000

Explanation:

Given : In the fifth year of operation the profit of a company was 3 times the profit it earned in the first year of operation .

Let the profit in the first year be denoted as x.

Then, the profit earned in fifth year will be 3x.

Since, its profit was $114,000 in the fifth year.

then , we have

`3x=114,000\\\\\Rightarrow\ x=(114000)/(3)=38000`

Hence, the profit in the first year =$ 38000