Perez’s Ski Shop made a profit of $32,000 last year. This year, the profits are 250 percent of last year’s profits. How much of a profit did Perez’s Ski Shop make this year?

Question

$8,000,000
$80,000
$40,000
$32,800

Answer 1

To find this year's profits for Perez's Ski Shop, we need to calculate 250 percent of last year's profits.

Last year's profits = $32,000.

To calculate 250 percent:

\[ 250% \text{ of } 32,000 = 2.5 \times 32,000 \]

Now, let's do the multiplication:

\[ 2.5 \times 32,000 = 80,000 \]

Therefore, Perez’s Ski Shop made a profit of $80,000 this year.

The correct answer is $80,000.