We need to find the total profit of Lynh Mangoes. It is given that the 5 % of profit to be distributed equally between 12 employees.
Profit received by each employee = $ 2,300
Total profit received by 12 employees = $ 2,300 × Profit received by each employee
Total profit received by 12 employees = $ 27,600
It is given that 5 % to be distributed.
Thus, 5 % of total profit = $ 27,600
Total profit = $ 27,600 ÷ 5 %
Total profit = $ 552,000
