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

Answer:

$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:

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

The annual profit is $86,237.