You start a lawn care company with four friends. You agree to split the profits equally. The tools you need to buy cost $525. How much income will you have to earn to each make a profit of $400?

Question

Jamya Eaton

Mathematics

26 September, 14:08

You start a lawn care company with four friends. You agree to split the profits equally. The tools you need to buy cost $525. How much income will you have to earn to each make a profit of $400?

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Answers (1)

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Angelique · Answer 1

To find this answer, you must first subtract 525 from 2400, because this is called "overhead" and is what's needed to start the company. This brings you to 1875. Now you divide this by four to find your answer.

To find the overhead do 2400-525 = 1875

then to find the answer do 1875/4 because of four friends and this equals $468.75 in profit.