SAT Math : How to find amount of profit

Study concepts, example questions & explanations for SAT Math

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Example Questions

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Example Question #11 : Profit Margin

A bakery sells donuts for  each.  of the bakery's net income from donuts goes toward the cost of the ingredients, and another  goes toward paying taxes. If the bakery sells  donuts in one day, what is their total profit for the day?

Possible Answers:

Correct answer:

Explanation:

Donuts are priced at $1.25 per unit and 230 were sold, so net income is calculated as such:

Cost of materials and tax are calculated as such, respectively:

Net profit is calculated by deducting cost of materials and tax from net income:

Example Question #11 : How To Find Amount Of Profit

A fishing boat in Alaska nets  in revenue from the salmon run. If local taxes are  and each of the five crew members take a  cut of the net income, what is the remaining profit for the boat's owners?

Possible Answers:

Correct answer:

Explanation:

Of the $85,000 in revenue, five crew members and local taxes each take a 3% cut, the total of which is calculated as:

Next, we just subtract the expenses from tax and crew-member pay to determine net profit:

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