ed part Tutorial Exercise In its second year of operation a local Internet provider s profits were 164 500 If this amount was 486 of the company s first year profits find the first year profits to the nearest hundred dollars Step 1 If we let x represent the company s first year profits then we can set up an equation in x using the fact that 486 is written in decimal form as Since the second year profits of 164 500 are 486 of x we have the equation x x 164 500