Question

High Construction Company distributed 8% of its total profit, an amount equal to $5500 in

bonuses this year. What was their total profit?

Answer 1

Given :

High Construction Company distributed 8% of its total profit, an amount equal to $5500 in bonus this year.

To Find :

The total profit .

Solution :

Let , total profit be x .

It is given that 8 % of the total profit is equal to $5500 .

So ,

`(8x)/(100)=5500\\\\x=(5500* 100)/(8)\\\\x=\$\ 68750`

Therefore , total profit is $68750 .

Hence , this is the required solution .