The majority owner of a business received 25% of the profit, with each of 4 partners receiving 25% of the remaining profit. If the majority owner and two of the owners combined to receive $40,000, how much profit did the business make? Select:  A) $44,000  B) $54,000  C) $64,000  D) $84,000  E) $104,000
Let P be the total profit.   P/4 + 1/2*(3P/4) = P/4 + 3P/8 = 5P/8 = 40000   P = $64,000   The answer is $64,000.
<result>C</result>
The majority owner of a business received 25% of the profit, with each of 4 partners receiving 25% of the remaining profit. If the majority owner and two of the owners combined to receive $40,000, how much profit did the business make?