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This year, Perez’s Ski Shop had a profit of $80,000. This is 250 percent of last year’s profit. What was the profit of Perez’s Ski Shop last year?
profit
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Step-by-step explanation:
this year profit is 250% or 2.5 times greater than the profit the shop had last year.
Let x be the profit the shop had last year. To get this years profit, or 80000 $, we need to increase last years profit by 2.5 or:
2.5*x=80000.
Solve for x:
x=80000/2.5=32000
So last year profit was 32000 $.
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