perezs ski shop made a profit of $32,000 last year. this year, the profits are 250 percent of last years…

perezs ski shop made a profit of $32,000 last year. this year, the profits are 250 percent of last years profits. how much of a profit did perezs ski shop make this year?\n$8,000,000\n$80,000\n$40,000\n$32,800

perezs ski shop made a profit of $32,000 last year. this year, the profits are 250 percent of last years profits. how much of a profit did perezs ski shop make this year?\n$8,000,000\n$80,000\n$40,000\n$32,800

Answer

Explanation:

Step1: Convert percentage to decimal

250% = 2.5

Step2: Calculate this - year's profit

This - year's profit = Last year's profit×2.5. Given last year's profit is $32000, so this - year's profit = 32000×2.5 = 80000.

Answer:

$80,000