Question

In a business venture, your revenue is $X per year. 1/5 of the revenue will be used to repay investors, 7/10 will be reinvested in the business, and the remainder will be profit. What is your profit?

Answer 1

The profit can be calculated by subtracting the expenses from the revenue. In this case, the revenue is $X per year. According to the given information, 1/5 of the revenue will be used to repay investors and 7/10 will be reinvested in the business. Therefore, the remaining amount will be the profit.

Step-by-step explanation:

In a business venture, the profit can be calculated by subtracting the expenses from the revenue. In this case, the revenue is $X per year. According to the given information, 1/5 of the revenue will be used to repay investors and 7/10 will be reinvested in the business. Therefore, the remaining amount will be the profit.

To find the profit, we can first calculate the total amount that will be used for repayment and reinvestment. The sum of 1/5 and 7/10 is 9/10, which represents the portion of revenue that will not be profit. Therefore, the profit will be the remaining 1/10 of the revenue.