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 $76,875, how much profit did the business make? Answers.
A) $98,000
B) $106,000
C) $112,000
D) $118,000
E) $123,000
Let P be the total profit.   P/4 + 1/2*(3P/4) = P/4 + 3P/8 = 5P/8 = $76,875   P = $123,000   The answer is $123,000.
<result>E</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 $76,875, how much profit did the business make?