Question

A small ice cream business earns $30183 profit during the two months of July and August. Thisrepresents 35% of the annual profit. Find the annual profit. Round to the nearest whole number.Round your answer to 0 decimal places

Answer 1

$86,237

Explanation:

Given: 35% of the annual profit = $30,183.

Let the annual profit of the business = x

Then:

`35\%\text{ of x = \$30,183}`

We solve the equation for x:

`\begin{gathered} (35)/(100)x=30183 \\ \text{ Multiply both sides by }(100)/(35) \\ (35)/(100)*(100)/(35)x=30,183*(100)/(35) \\ x=(3,018,300)/(35) \\ x=86,237.14 \\ x\approx\$86,237\text{ \lparen to 0 decimal places\rparen} \end{gathered}`

The annual profit is $86,237.