Problema Solution
Profits in the fourth quarter for Company A were 78.2% of that of Company B. Profits in the fourth quarter for Company C were 103.8% of Company B's profits. Together the three companies earned $324,300 in the fourth quarter. What were the profits for Company B?
Answer provided by our tutors
1) Let the profit for Company B be $x 2) Hence profit for Company A is 78.2x/100 = $0.782x 3) And that Company C is 103.8x/100 = $1.038x ==> The total earning = x + 0.782x + 1.038x = $2.82x ==> 2.82x = $324,300 Solving the above, we will get x, which is company B's profits.