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.

So determine how much you will owe your parents.

Answer 1

To determine how much you will owe your parents, you need to calculate how much profit you will make beyond $600 if you receive an additional $300.

Profit beyond $600 = Additional funds - $600
Profit beyond $600 = $300 - $600
Profit beyond $600 = -$300

In this case, the profit beyond $600 is negative, indicating that you would not owe your parents anything since you did not make any additional profit.