Solve.
-The profit of Mythological Company last year was $268,000. This year's profit decreased by 2.7%. Find this year's profit.

Question

Quizplus · Accepted Answer

To find the decrease in profit, we multiply last year's profit by the percent decrease:
268,000 x 0.027 = 7,236
To find this year's profit, we subtract the decrease from last year's profit:
268,000 - 7,236 = $260,764
Therefore, the answer is (C). To find this year's profit, we need to subtract 2.7% of last year's profit from last year's profit:

$268,000 - 0.027($268,000) = $260,764

Therefore, the answer is choice C, $260,764.

Solve. -The Profit of Mythological Company Last Year Was $268,000. This