Question

50 POINTS

Answer 1

The profit made from the business that receives an initial $100 investment are as follows;

1. The amount received from the investment is $15

2. The number of lawns that should be mowed to buy the switch is 23 lawns

3. The profit made from the business considering the cost and the initial investment of the parents is $170

What is an investment?

An investment is the money directed towards an asset purchase to increase the valuation of the business and products within a time period.

The amount invested = $100

The amount desired as return = 10% of the amount made from the business

1. The amount charged per lawn = $15

The number of lawn mowed = 10

The revenue of the business = 10 × $15 = $150

The amount paid as return on investment = 10% × $150 = $15

2. The amount required to buy the switch = $300

The number of lawns to be mowed, n, is therefore;

300 = 15 × n - 10% × 15 × n = 15·n - 1.5·n = 13.5·n

300 = 13.5·n

n = 300/13.5 ≈ 23 ( rounding up to the nearest whole number)

The number of lawns to be mowed is 23 lawns

3. The revenue from mowing 20 lawns is 20 × $15 = $300

The amount received by the investing parents = 10% × $300 = $30

The amount received from the parents investment = $100

The profit made after 20 lawns = $300 - $30 - $100 = $170

Learn more about percentages here:

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