Question

Your parents heard about the success of your business and they want to help you out. Suppose they want to give you an additional $300 to put toward your business. However, there's a catch. If you make more than $600 additional profit, you have to give them 10% of your earnings above $600. For example, if you have earned $650, then you owe 10% of $50, or $5, to your parents.

g)
If you still sell your item for the same price, what is the most money you can hope to earn from your business now?

Answer 1

The most money you can hope to earn from your business now is $900.

This is calculated by adding the original profit of $600 to the additional $300 that your parents gave you.