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The profit that a business made during a year is 536,897,000. If the business divides the profit evenly for each share, estimate how much each share made if there are 10,995,000 shares.

The profit that a business made during a year is 536897000 If the business divides the profit evenly for each share estimate how much each share made if there a class=

Respuesta :

we are given

total profit is $536,897,000

so, [tex] P=536897000 [/tex]

total number of shares is 10,995,000

so, [tex] N=10995000 [/tex]

now, we can find profit of each share

so, profit of each shape = ( total profit)/(total number of shares)

so, we get

[tex] x=\frac{P}{N} [/tex]

now, we can plug values

[tex] x=\frac{536,897,000}{10,995,000} [/tex]

now, we can solve it

[tex] x=48.83101 [/tex]

so,

profit of each share is $48.83101..........Answer