Tom wants to sell his weight bench for a 15% profit over his cost. He paid $168 for it. If he gets his asking price, how much money will he make in profit?
Same type problem different numbers. Bill want to sell his baseball card for a 35% profit. He paid 10 dollars for the card. How much would he need to sell it for to reach his goal. Remember to express the interest rate in a decimal format. 35% is 0.35
10.00 * 0.35 = 3.50
So the profit is $3.50. Therefore the initial plus the profit gives you an amount of $13.50. Hope this helps.
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