ACT Math › How to find amount of profit
Manufacturing a particular product produces a profit of for each unit produced. If the cost to produce a unit is
, what is the profit percentage on each unit? Do not round until the final answer.
A bakery sells cupcakes for per dozen. If it costs
to make each dozen, how much profit would the bakery earn from selling
dozen cupcakes?
It costs a retail store to purchase a bow tie. If this store sells the bow tie for
, what is its profit percentage? Round to the nearest hundredth.
In business, profit is defined as revenue minus expenses. A profit is often expressed as a percentage of total revenue.
A company posts a profit for the first quarter of the new year, pleasing investors. If the total profits for the quarter were
what were the expenses for the company in that quarter? Round to the nearest dollar.
A set of cards were purchased for . If the store earned
profit on the sale, what was the original price of the cards? Round to the nearest hundredth.
Jenny has two jobs. The first is an office job salaried at $52,000 per year, so she makes the same amount of money every week, no matter how many hours she works. The second is a bartending job. She works 6 hours a night, 2 nights a week. She earns $3.50 per hour plus tips. If she earned $450 in tips this week, what is the total amount of money she made this week?
Sam was helping his school raise funds to buy books for the library. He bought small paper pads for $0.75 and sold them for $2.00. What was the percent mark-up, rounded to the nearest whole number?
The profit on a particular product per unit is measured as a percentage of the cost to produce that unit. If units are produced at a total cost of
, and sell for a total of
, what was the profit per unit, as a percentage?
A cassette tape sells for , and the producer receives a cut of
of each sale. If the producer spends
of the sale price in manufacturing and producing expenses, how much money is made on the sale of each tape?
A product sells for dollars, and costs
dollars to produce. What is the profit on each sale, as a percentage?