received 1/3 of the company’s profits this year. What were the company’s overall profits if Jerome made $150,000? Write an equation and solve.

Question

I have no idea how to do this

Answer 1

I'm assuming that Jerome received 1/3 of the company profit and his share was $150,000. If that is the case, then the equation is 

 

$150,000 = 1/3 x P (total profit)

then P = 3 x $150,000 = $450,000