Let the total profit of the company be P.
The profit shares of X and Y are 4/9 and 5/9 of P, respectively.
According to the problem, we can write:
5/9 P = 4/9 P + N5000
Subtracting 4/9 P from both sides, we get:
1/9 P = N5000
Multiplying both sides by 9, we get:
P = N45000
Therefore, the total profit of the company for the year is N45000.
A construction company is owned by 2 partners X and Y and it is agreed that their profit will be divided in the ratio 4;5. at the end of the year, Y received N5000 more than X. what is the total profit of the company for the year?
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