ACT Math : Percentage
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Example Questions
Example Question #161 : Percentage
In business, profit is defined as revenue minus expenses. A profit is often expressed as a percentage of total revenue.
A company posts a 
If a profit of 
Now, subtract the profit from the total revenue to calculate expenses:
Thus, the quarterly expenses were 
Example Question #162 : Percentage
Manufacturing a particular product produces a profit of 
Calculating a percentage profit is the same as calculating a percent change. To find percent change, subtract the "old" amount from the "new" amount, then divide the result by the "old" amount. The result is a percent increase if positive and a percent decrease if negative.
Example Question #163 : Percentage
A particular product is sold for 
Calculating a percentage profit is the same as calculating a percent change. To find percent change, subtract the "old" amount from the "new" amount, then divide the result by the "old" amount. The result is a percent increase if positive and a percent decrease if negative.
Example Question #161 : Percentage
A cassette tape sells for 
Calculating a percentage profit is the same as calculating a percent change. To find percent change, subtract the "old" amount from the "new" amount, then divide the result by the "old" amount. The result is a percent increase if positive and a percent decrease if negative.
Example Question #11 : Profit Margin
A product sells for 
There is not enough information to answer the question.
Calculating a percentage profit is the same as calculating a percent change. To find percent change, subtract the "old" amount from the "new" amount, then divide the result by the "old" amount. The result is a percent increase if positive and a percent decrease if negative.
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