Jerome 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 profit if Jerome made a hundred and fifty thousand type the equation and solve

Respuesta :

We will determine the company profits as follows:

[tex]c=3j\Rightarrow c=3(150000)\Rightarrow c=450000[/tex]

So, the company profits is $450 000 a year.

***Explanation***

From the text we know that the profits of Jerome are 1/3 of the company's, that is:

[tex]j=\frac{1}{3}c[/tex]

Here "j" represents Jerome's earnings and "c" represents the company's earnings.

*Since his earnings are represented in terms of the company we represent the company's earning in terms of Jeromes's earnings, that is:

[tex]j=\frac{1}{3}c\Rightarrow c=3j[/tex]

Since we know that Jerome's earnings were $150 000, we replace and solve for "c":

[tex]\Rightarrow c=3(150000)\Rightarrow c=450000[/tex]

So, the earning of the company is $450 000.

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