Answer:
The first year profits is $30300.
Step-by-step explanation:
Consider the provided information.
The second year of operation, a local Internet provider's profits were $174,500. This amount was 576% of the company's first-year profits.
Let x represents the first year profit.
Therefore 576% of x is $174,500
[tex]\frac{576}{100}\times x=174500[/tex]
[tex]x=174500\times \frac{100}{576}[/tex]
[tex]x\approx 30295.14[/tex]
[tex]x\approx30300[/tex] (Round to nearest hundred dollar)
Hence, the first year profits is $30300.
