An athlete is making an appearance and signing autographs at a new sporting goods store. He agrees to give 20% of his profit to youth sports programs and 5% of his profit to his manager. If he profits $1,000.00 selling autographs and merchandise, how much of that profit does he take home?
he takes home 100-20-5 = 75%
0.75 * 1000 = _____
thanks
wrong
750 is right
To determine how much profit the athlete takes home, we need to calculate the amounts deducted for the youth sports programs and the manager.
First, let's find out how much is deducted for the youth sports programs:
20% of the profit is allocated to youth sports programs. So we multiply 20% (or 0.20 as a decimal) by $1,000.00:
0.20 x $1,000.00 = $200.00
Next, let's calculate the amount deducted for the manager:
5% of the profit is allocated to the manager. We multiply 5% (or 0.05 as a decimal) by $1,000.00:
0.05 x $1,000.00 = $50.00
To calculate the athlete's take-home profit, we need to subtract the deductions from the total profit:
$1,000.00 (total profit) - $200.00 (deduction for youth sports programs) - $50.00 (deduction for manager) = $750.00
Therefore, the athlete takes home $750.00 of the $1,000.00 profit.