To determine how much you will owe your parents, you need to calculate the additional profit you make and subtract $600 from it. If the result is greater than $0, you would owe 10% of that amount to your parents.
Let's say the additional profit you make is x dollars.
If x - $600 > 0, then the amount you owe your parents would be 10% of (x - $600).
If you make $300 in additional profit, then x = $300.
$x - $600 = $300 - $600 = -$300
Since -$300 is less than $0, you would not owe anything to your parents.
However, if you made $800 in additional profit, then x = $800.
$x - $600 = $800 - $600 = $200
Since $200 is greater than $0, you would owe 10% of $200 to your parents.
10% of $200 = $20.
Therefore, you would owe your parents $20 if you made $800 in additional profit.
Your parents heard about the success of your business and they want to help you out. Suppose they want to give you an additional $300 to put toward your business. However, there's a catch. If you make more than $600 additional profit, you have to give them 10% of your earnings above $600. For example, if you have earned $650, then you owe 10% of $50, or $5, to your parents.
If so, determine how much you will owe your parents.
1 answer
1 answer