Question

1)A bakery can sell muffins for $1 each. If it costs the bakery $5 to make 20 muffins, what percent of the money made from muffins sales is profit?

2) A community is considering increasing the sales tax rate 0.5% to fund a new sports arena. If the tax rate is raised, how much more will you pay in sales tax on $500.

Answer 1

1.
5/20 = $0.25 each

1.00 - 0.25 = $0.75 profit

75% is profit

2.
0.005 * 500 = $2.50