In its second year of operation, a local internet providers profit were $178,500. If this amount was 606% of the company's first year profit, find the first year profit

Question

Mathematics

Jake Walton

6 May, 03:24

In its second year of operation, a local internet providers profit were $178,500. If this amount was 606% of the company's first year profit, find the first year profit

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Answers (1)

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Enrique Pollard · Answer 1

Answer:, the first year's profit is 29456

Step-by-step explanation:

Let x represent the company's first year profit.

In its second year of operation, the local internet providers profit were $178,500. If this amount was 606% of the company's first year profit, it means that this years profit = 606/100 * the amount of profit that the company made last year. It becomes

606/100 * x = 6.06*x = 178500

6.06x = 178500

x = 178500/6.06 = $29455.45

Approximately $29456