To determine if you will have to pay your parents, we need to analyze if you will make more than $600 additional profit.
If your parents give you an additional $300 and you make more than $600 profit, then the total amount to consider is $300 + $600 = $900.
Let's assume that you make a total profit of $x above $900.
If x > 0, this means you made more than $900 profit and you will have to pay your parents 10% of your earnings above $600.
The amount to pay will be 10% of (x - $600).
So, if you make $x profit above $900, you will owe your parents 10% of (x - $600).
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.
Will you have to pay your parents?
If so, determine how much you will owe your parents
1 answer
1 answer