How to find amount of profit - ACT Math Quiz

A chair company produces 5,000 luxury chairs per year. Each chair requires $200 in wood and other materials to build. It also requires 3 hours of work by a craftsman, who earns $30 per hour. If the company wants to earn $3 million dollars in profit this year, how much should each chair cost?

How to find amount of profit Practice Test

Max bought a book for $10. If he later sold the book at a 25% profit. How much money in total did he receive from the sale of the book?

A chair company produces 5,000 luxury chairs per year. Each chair requires $200 in wood and other materials to build. It also requires 3 hours of work by a craftsman, who earns $30 per hour. If the company wants to earn $3 million dollars in profit this year, how much should each chair cost?

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