Question

The profits from Ed’s Plumbing Co. increased by $14,460, or 30%, this year. What profit did the company earn last year?

Equations and inequalities
ANSWERED
asked 2021-02-09
The profits from Ed’s Plumbing Co. increased by $14,460, or 30%, this year. What profit did the company earn last year?

Answers (1)

2021-02-10
Let x be the profit the company earned last year so:
30% of profit last year=increase this year
0.3x=14460
\(\displaystyle\frac{{3}}{{10}}\cdot{x}={14460}\)
\(\displaystyle{x}=\frac{{{14460}{\left({10}\right)}}}{{3}}\)
x=48200
So, the company earned a profit of $48,200 last year.
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