Question

Elsie bought a video game for $85.00. If the store charges 170% of its cost for the game, how much is the store’s profit?

$

Answer 1

To find the store's profit, we first need to determine how much the store charges for the video game and then subtract the cost from that amount.

1. **Identify the original cost:**
The cost of the video game to the store is $85.00.

2. **Calculate the selling price:**
The store charges 170% of the cost. To find the selling price, we calculate:
\[
\text{Selling Price} = 170\% \text{ of } 85.00
\]
Converting the percentage to a decimal:
\[
170\% = \frac{170}{100} = 1.7
\]
Now, calculate the selling price:
\[
\text{Selling Price} = 1.7 \times 85.00 = 144.50
\]

3. **Calculate the store's profit:**
The profit is the selling price minus the cost:
\[
\text{Profit} = \text{Selling Price} - \text{Cost}
\]
Substituting the values:
\[
\text{Profit} = 144.50 - 85.00 = 59.50
\]

Therefore, the store's profit is:
\[
\boxed{59.50}
\]