Solve the problem.
-James doubled his profit compared with that of last year. Last year he doubled his profit from the previous year. If his profit this year was $12,000, then what was his profit last year and the year Before that?
A)$9000; $6000
B)$9000; $3000
C)$3000; $1500
D)$6000; $3000

Question

Quizplus · Accepted Answer

James's profit this year is $12,000, which is double last year's profit. Therefore, last year's profit was $12,000 / 2 = $6,000. Since last year he doubled his profit from the previous year, the profit from the year before last was $6,000 / 2 = $3,000.

Solve the Problem. -James Doubled His Profit Compared with That of Last Year