We have been given that last year, the business had profit of $8000.
Further, we are given that, the profit for this year will be 5 times as great the profit of last year. So, in order to find profit of current year, we will have to consider 5 times of $8000.
Therefore, we get the profit for current year as:
[tex]\text{Profit for current year}=5\cdot8000\\\text{Profit for current year}=\$40,000[/tex]
Therefore, profit for current year would be 40,000 dollars.
