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ACT Math

ACT Math Question of the Day

Practice ACT Math with the production-style question-of-the-day selection for this public URL.

Question 1

A company made in sales last year. The company has four employees. Two of the employees earn per year, and the other two employees earn per year.

In addition to employee salaries, the company also pays a month in rent for its office space and per month in general expenses.

What was the company's profit last year?

Explanation: Annual profit = Total Annual Sales – Total Annual Expenses Total Annual Sales = $400,000 Total Annual Expenses = Salaries + Rent + Expenses 2 employees @ 50,000=50,000 = 50,000=100,000 2 employees @ 70,000=70,000 = 70,000=140,000 12 months of rent @ 5,000=5,000 = 5,000=60,000 12 months of expenses @ 4,000=4,000 = 4,000=48,000 Total Annual Expenses = $348,000 Annual profit = 400,000–400,000– 400,000–348,000 = $52,000