Question

The profit made by a business in 2018 was triple that made in 2019. The profit made in 2020 was R 3 million less than the profit made in 2019. If the total profit in these 3 years was R 67 million, what was the profit made in 2020? 

Answer 1

Let the profit made in 2019 be R. X million.

Profit made in made in 2018 was R. 3X million.

Profit made in 2020 was R(x$-$3) million.

$3x+x+(x-3)=67$

$5x-3=67$

$5x=70$

$x=14$

Therefore, profit made in 2020=$(14-3)=11$

=R.11 Million