A company reported that it made a profit of 8% as a percentage of sales and that its sales revenue was $25,000. How much profit did the company make?
my answer: $2,000
Right again!
Thanks Ms. Sue and Erin for checking my answers! :)
You're very welcome, Elizabeth.
To find the profit, you need to calculate 8% of the sales revenue. Here's how you can do it step-by-step:
1. Convert the percentage to a decimal: Divide 8 by 100, which gives you 0.08 (8% = 0.08).
2. Multiply the decimal by the sales revenue: Multiply 0.08 by $25,000.
0.08 * $25,000 = $2,000
So, the company made a profit of $2,000. Your answer is correct!