Question
This year, Perez’s Ski Shop had a profit of $80,000. This is 250 percent of last year’s profit. What was the profit of Perez’s Ski Shop last year?
profit
profit
Answers
GPT-4o mini
To find last year's profit, we can use the information that this year's profit of $80,000 is 250 percent of last year's profit.
Let last year's profit be represented as \( x \). According to the information given:
\[
80,000 = 2.5 \times x
\]
To solve for \( x \), we can divide both sides of the equation by 2.5:
\[
x = \frac{80,000}{2.5}
\]
Calculating that:
\[
x = 32,000
\]
Therefore, last year's profit of Perez's Ski Shop was **$32,000**.
Let last year's profit be represented as \( x \). According to the information given:
\[
80,000 = 2.5 \times x
\]
To solve for \( x \), we can divide both sides of the equation by 2.5:
\[
x = \frac{80,000}{2.5}
\]
Calculating that:
\[
x = 32,000
\]
Therefore, last year's profit of Perez's Ski Shop was **$32,000**.