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?

Question

profit

Answer 1

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.