A company made $4 million in the second quarter. This is 1/3 more than it made in the first quarter and 4/5 of what it made in the third quarter. How much did the company make in the three quarters combined?
Amount of profit made by the company in the second quarter = $4 million Let us assume the amount of profit made in the first quarter = x Also let us assume the amount of profit made in the third quarter = y Amount of profit made by the company in the first quarter was 1/3 less than that made in the second quarter Then Amount of profit made in first quarter 3x = 4 million dollars x = 4/3 million dollars Amount of profit made in the third quarter 4y/5 = 4 million dollars 4y = 5 * 4 million dollars 4y = 20 million dollars y = 5 million dollars Then total amount of profit made in the three quarters = (4/3) + 4 + 5 million dollars = (4 + 12 + 15)/3 million dollars = (31/3) million dollars = 10 1/3 million dollars So the total profit made during the three quarters was 10 1/3 million dollars.
