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.
g)
If you still sell your item for the same price, what is the most money you can hope to earn from your business now?
$900.
h)
Will you have to pay your parents?
O Yes
O No
If so, determine how much you will owe your parents.
1 answer
No, you will not have to pay your parents because you did not earn more than $600 additional profit.
1 answer