Question

Chad 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 profits if chad made 150,000 ? Type an equation and solve.

Answer 1

$450,000

Explanation:

chad = (1/3)profit

3×chad = profit = 3×$150,000 . . . . multiply the equation by 3; fill given value

profit = $450,000

The company's overall profits were $450,000.