ACT Math : How to find amount of profit
Study concepts, example questions & explanations for ACT Math
All ACT Math Resources
Example Questions
Example Question #11 : Profit Margin
A bakery sells cupcakes for 
The profit that is made is the difference between the amount earned and the amount spent. In this instance, it costs 
To find the profit for one dozen cupcakes:
To find the profit for ten dozen cupcakes:
Example Question #12 : How To Find Amount Of Profit
It costs a retail store 
The profit percentage is really just a matter of percent change. We are changing from 
This is the same as 
Example Question #1311 : Act Math
A set of cards were purchased for 
This question is really asking a hidden percentage change question. It really means, "The price changed from 
Solving for 
Example Question #11 : How To Find Amount Of Profit
The profit on a particular product per unit is measured as a percentage of the cost to produce that unit. If 
Remember, percentage profit is a ratio between two numbers. The ratio stays the same whether the numbers reflect hundreds of units sold or just one unit (unless otherwise told). So to find our answer, we only need to calculate the overall profit percentage.
Example Question #11 : How To Find Amount Of Profit
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 #12 : How To Find Amount Of Profit
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 #13 : Profit Margin
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 #14 : Profit Margin
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 #161 : Percentage
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.
Certified Tutor
All ACT Math Resources
