document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=304923>Question 304923</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The profit earnings for XYZ co. are reported quarterly. The earnings as a % of the yearly earnings for 2007 are 1st quarter 25%, 2nd quarter 15%, 3rd quarter<BR>\n" );
document.write( "38%, 4th quarter 22%.  If the earnings in the 1st quarter were $54,000, what were the earnings for the third quarter? Please show step by step work and include units in the solution. \r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #218403 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=218403\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The quarterly profit earning for XYZ corporation are:\r<BR>\n" );
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document.write( "First quarter equals 25%<BR>\n" );
document.write( "Second quarter equals 15%<BR>\n" );
document.write( "Third quarter equals 38%<BR>\n" );
document.write( "Fourth quarter equals 22%\r<BR>\n" );
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document.write( "These earning are expressed as a percent of the yearly earnings for 2007.\r<BR>\n" );
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document.write( "If the first quarter earnings were $54,000, this means that the yearly earnings must have been $54,000 / .25 = $216,000.\r<BR>\n" );
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document.write( "25% of $216,000 equals $54,000\r<BR>\n" );
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document.write( "Now that you have the yearly earnings, you can determine the earnings for each quarter.\r<BR>\n" );
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document.write( "They would be:\r<BR>\n" );
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document.write( "First quarter equals 25% of $216,000 = $54,000<BR>\n" );
document.write( "Second quarter equals 15% of $216,000 = $32,400<BR>\n" );
document.write( "Third quarter equals 38% of $216,000 = $82,080<BR>\n" );
document.write( "Fourth quarter equals 22% of $216,000 = $47,520\r<BR>\n" );
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document.write( "Sum up the quarterly earnings to get $216,000\r<BR>\n" );
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document.write( "The question is what were the earnings in the third quarter.\r<BR>\n" );
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document.write( "the answer is $82,080.\r<BR>\n" );
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document.write( "You could have solved it directly without actually determining the yearly eaarnings as follows:\r<BR>\n" );
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document.write( "Let Y equal the yearly earnings.\r<BR>\n" );
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document.write( ".25 * Y = $54,000 which means that Y = $54,000 / .25\r<BR>\n" );
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document.write( "The third quarter earnings are equal to .38 * Y.\r<BR>\n" );
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document.write( "Since you know that Y = $54,000 / .25, then the third quarter earnings are equal to:\r<BR>\n" );
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document.write( ".38 * ($54,000/.25) which becomes (.38/.25) * ($54,000) which becomes 1.52 * $54,000 which becomes $82,080.\r<BR>\n" );
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document.write( "Third quarter earnings are $82,080.\r<BR>\n" );
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document.write( "You get the same answer either way.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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