Algebra 1 : Algebra 1
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Example Questions
Example Question #3 : How To Find Amount Of Profit
An item that costs $30 to purchase and retail is sold for 15% profit. How many need to be sold to make $25,000 profit?
There are two steps to this problem. First, we must calculate how much profit is made per item. The general form of the question we are asking is, "How much is 15% of $30?" This can be rewritten:
Now, if you make $4.5 per item, you need to divide the total profit desired ($25,000) by $4.5:
Be careful! You need to sell 5,556 items, NOT 5,555. At 5,555, you will have only made $24,997.5 in profit.
Example Question #3 : How To Find Amount Of Profit
A store sells an item for $37, making a 17% profit. What is this profit in dollars and cents?
$5.38
$31.62
$6.29
$9.32
$30.43
$5.38
This problem implies that some original price 
This can be represented in an equation as 
Therefore, we can rewrite the equation:
Divide both sides by 1.17:
Rounding, we can say that the cost of the item is $31.62. Subtract this from $37 to get a profit of $5.38.
Example Question #3 : How To Find Amount Of Profit
Example Question #6 : How To Find Amount Of Profit
Jimmy's Pizza and Pasta agreed to do a fundraising event at their restaurant with the local high school. 
Example Question #11 : How To Find Amount Of Profit
Joseph owns a local pizzeria, and 
If 
Example Question #12 : How To Find Amount Of Profit
Tommy makes 
If 
Example Question #12 : How To Find Amount Of Profit
Jake decided to purchase a large pizza for 
The amount of profit is the money that was made in addition to the amount returned. If Jake had gotten 
profit = total money made - total money spent
For Jake this is
It is possible to have a negative profit meaning Jake would have lost money. If he sold each piece for 
Example Question #14 : How To Find Amount Of Profit
Oscar normally takes 
The first step is to find the total amount of profit for the month prior the added expenses. At 
Now that we have total profit for the month, we can divide the total profit minus the remaining profit by the original total profit to determine what percent was spent paying bills:
Example Question #13 : How To Find Amount Of Profit
Jimmy runs his own small packing and shipping firm. His business plan appropriates 
If the combined employee wages total 
Example Question #2781 : Algebra 1
Billy buys fifteen stocks of a company for five dollars each. He sells all the stocks at eight dollars each. How much is his profit?
Billy's profit comes from the earnings of all stocks minus the amount that he initially invested.
Find out how much Billy has spent on the fifteen stocks. Multiply the cost of the stock by the amount he has bought.
He spent seventy five dollars on the stocks.
Find out the total amount he has sold all the stocks for. Multiply the new price of the stocks by the amount he has sold.
Billy's profit is the difference of the earnings minus the initial price of all the stocks. Subtract the two prices.
Billy's profit is 
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