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 $62,500, how much profit did the business make?	Options
A) $100,000 B) $125,000 C) $150,000 D) $200,000 E) $250,000
Majority owner + two partners = 0.25*P + 2*(0.25)*(0.75)*P = 0.25*P + (0.5)*(0.75)*P = 0.25*P + (0.375)*P = (0.625)*P   This equals $62,500.   (0.625)*P = 62,500 ----- divide both sides by 625   (0.001)*P = 100 ------ multiply by 1000   P = 100,000   $100,000nswer = $100,000
<result>A</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 $62,500, how much profit did the business make?