Question

A private company distribute 6% of its profit as a bonus among its 40 shareholder if each shareholder received rs90000as a bonus find the total profit of the company​

Answer 1

Total Profit = Rs6,000,000

Explanation:

Let P stand for the private company's total profit. We are told that 6% of the profit was given a total of 40 shareholders. Since aech shareholder received Rs9000, we can determine the total profit:

P = (40 sharholders)*(Rs9000/shaeholder) = Rs360,000

RsThis represents 6% of the total profit, P:

(6%)*P = Rs360,000

(0.05)*P = Rs360,000

P = (Rs360,000)/(0.06)

P = Rs6,000,000