Assuming that the $300 from your parents is not included in the profit calculation, you can hope to earn $900 from your business now.
This is calculated as follows:
Initial profit = $600 (without additional profit)
Additional profit before giving 10% to parents = $300 (maximum additional profit allowed without owing parents any percentage)
Total profit = Initial profit + Additional profit before giving 10% to parents
= $600 + $300
= $900
Therefore, the most money you can hope to earn from your business now is $900.
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 businessHowever, 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?
1 answer
1 answer