Pat, Lizah and Zizi start a new company. They agree to share comprotitloss made by the in the same ratio as their initial contributions to the start-up capital of the company. If Pat, Lizah and Zizi's respective contributions to the start-up capital are P150 000,00; R120 000,00; and R90 000,00 and Zizi's share of the profit in the company's first year of operation is R15 000,00, what was the total profit made by the company that year?

To determine the total profit made by the company, we'll first find the ratio of their contributions. Pat contributed P150,000, Lizah R120,000, and Zizi R90,000. The total contribution is: P150,000 + R120,000 + R90,000 = P360,000. Now, we can find the ratio of each person's contribution: - Pat's ratio: 150,000 / 360,000 = 5/12 - Lizah's ratio: 120,000 / 360,000 = 1/3 = 4/12 - Zizi's ratio: 90,000 / 360,000 = 1/4 = 3/12 Now, add all the ratios: 5/12 + 4/12 + 3/12 = 12/12 = 1 (This checks out!) If Zizi's share of the profit is R15,000 and that corresponds to his ratio of 3/12, we can set up the equation: (3/12) * Total Profit = R15,000. To find the total profit, rearranging gives us: Total Profit = R15,000 / (3/12) = R15,000 * (12/3) = R15,000 * 4 = R60,000. So, the total profit made by the company that year was R60,000.