Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

A small ice cream business earns $26538 profit during the two months of July and August. This represents 35% of the annual profit. Find the annual profit. Round to the nearest whole number.

Sagot :

mistressofdark

Let the annual profit be x.

profit earned in July and August is 35% of the annual profit

=> $26538 = 35% of x

=> $26538 = (35/100) × x

=> $26538 × (100/35) = x

=> $2653800/35 = x

=> $530760/7 = x

So, the profit is $530760/7.

The annual profit is $75,823.

Given that,

  • Two months profit is $26,538.
  • This two month profit represents 35% of annual profit.
  • We need to find annual profit.

According to the scenario, computation of the given data are as follows,

Let annual profit be X.

So, X [tex]\times[/tex] 35% = 26,538

X = 26,538 [tex]\div[/tex] 0.35

X = 75,822.86 or 75,823

Hence annual profit = $75,823.

Learn more : https://brainly.com/question/21003301

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.