To ascertain the total profit of Lynh Mangoes, we know that 5% of the profit is distributed equally among 12 employees.
Each employee received $2,300
The combined profit for 12 employees equals $2,300 × profit per employee
Resulting in a total of $27,600 for the 12 employees
Knowing that 5% is to be shared means
Thus, 5% of the total profit equals $27,600
To find the total profit, we calculate: total profit = $27,600 ÷ 5%
This results in a total profit of $552,000