We're asked to find the monetary value made in each of the three quarters and, when added, how much that sum equals.
First, let's look at what's given to us:
- $4 million was made in the SECOND quarter.
- $4 million is 1/3 times more than the company made in the first quarter.
- $4 million is also 4/5 of what it made in the third quarter.
Let's look at the second statement. It says that the second quarter made 1/3 (33.3%) more than the first quarter, which in turn means that the second quarter made a total of 4/3 of the first quarter. So to find what exactly was made in the first quarter, we need to flip the fraction so that it's 3/4 and multiply it by $4,000,000, which will give us $3,000,000.
Now let's look at the third statement. It says that the money made in the second quarter is 4/5 of what it made in the third quarter. We do the same thing: Flip the fraction, then multiply. $4,000,000 * (5/4) = $5,000,000
Therefore, $3,000,000 was made in the first quarter, $4,000,000 was made in the second quarter, and $5,000,000 was made in the third quarter.
Adding all values together will give you a grand total of $12,000,000.
