Question

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.

Answer 1

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.

Answer 2

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 $\times$ 35% = 26,538

X = 26,538 $\div$ 0.35

X = 75,822.86 or 75,823

Hence annual profit = $75,823.

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