Question

Any answer needed for practice for next subject study

Answer 1

The Stores profit is 70% or $59.5

How?

The reason is because if it's selling it for 100% of the price, then that means that the store bought it for 85 dollars, and it's selling it for 85 dollars, and that's 0% profit. But because the store has bought it for 100%, and then it's charging another 70% of the price, so the store's profit is 70%.

Now, we find 70% of 85 dollars, which will be the STORE'S PROFIT AMOUNT!

1. Convert percentages into fractions or decimals

For fraction: divide 70 by 100 and remove the % sign.

`{70}\%=(70)/(100)`

For decimal: move the decimal point 2 places to the left and remove the % sign.

`{70}\%=0.7`

2. Multiply the decimal or fraction by the quantity that equals 100%

`100`%
`=85`

`(70)/(100) *85=0.7*85=59.5`

70% of 85 is 59.5

Store's profit is $59.5

Extra info:

170% of 85 = 144.5

70% of 85 = 59.5