You and three friends own a paint shop. The shop's profit was $536 in the first month. You always divide the profits equally. In two months, each of you had made $224. How much profit did the shop make in the second month?
Step 1
Find the profit in two months
Multiply the total amount made by the whole group in two months (\(\$224\)) by the total number of persons (\(4\))
\(4*\$224=\$896\)
Step 2
Find the profit of the shop in the second month
we know that
\(Total\ profit\ in\ two\ months=Profit\ first\ month\ +\ Profit\ second\ month\)
so
\(Profit\ second\ month=Total\ profit\ in\ two\ months-Profit\ first\ month\)
substitute the values
\(Profit\ second\ month=\$896-\$536=\$360\)
therefore
the answer is
\(\$360\)