Question

Bianca’s Bike Shop made a profit of $54,000 last year. This year, the profits were 250% of last year’s. How much profit did Bianca’s Bike Shop make this year?

Answer 1

Answer:

135 thousand

Step-by-step explanation:

Answer 2

Since the percent increase is bigger than 100%, it definitely has to be more than 54,000.

so let's break this down:
250%= 100% + 100% + 50%

we know 100% is the whole price so if there are 2 100% we have to multiply the price by two!!!
54,000•2 = 108,000

now, 50% is half of the whole price, divide the price by two:
54,000÷2= 27,000

so add your results and you will get this!
108,000+27,000= 135,000