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 overall profit if Jerome made 150,000 type an equation nd solve

Answer 1

To determine the company's overall profit, we can solve the equation (1/3) × P = $150,000 by multiplying both sides by 3, which results in P = $450,000 as the overall profit.

Step-by-step explanation:

To find the company's overall profit given that Jerome received a third of it, we need to set up a mathematical equation.

If Jerome received $150,000, which is one third of the total profits, then the equation to solve for the total profits (P) would be:

(1/3) × P = $150,000

To solve for P, multiply both sides of the equation by 3:

P = 3 × $150,000

P = $450,000

So, the company's overall profit was $450,000.