In the fifth year of operation the profit of a company was 3 times the profit it earned in the first year of operation if its profit was $114,000 in the fifth year if operation what was the profit in the first year?

$ 38000

Step-by-step explanation:

Given : In the fifth year of operation the profit of a company was 3 times the profit it earned in the first year of operation .

Let the profit in the first year be denoted as x.

Then, the profit earned in fifth year will be 3x.

Since, its profit was $114,000 in the fifth year.

then , we have

Hence, the profit in the first year =$ 38000