A company makes a profit equal to 25% of its sales.
A company makes a profit equal to 25% of its sales. The profit is shared equally among the 4 owners of the company. If the company generates sales of $5,000,000, how much money does each one of the owners get?
Answer/Solution
$ 312,500
Steps/Work
The profit made on sales of $5,000,000 is given by
25% * $5,000,000 = $ 1,250,000
The profit made by each one of the 4 owners is given by
$ 1,250,000 / 4 = $ 312,500
correct answer C
25% * $5,000,000 = $ 1,250,000
The profit made by each one of the 4 owners is given by
$ 1,250,000 / 4 = $ 312,500
correct answer C