Question

Jefferson Middle School needs to see a 300% gain in PTO fundraiser

Answer 1

Given parameters:

Percentage gain = 300%

Selling cost last year = $2420

Unknown:

Selling cost this year  = ?

Solution:

To solve this problem;

     Profit percent  = $\frac{Selling cost this year - Selling cost last year}{Selling cost last year} x 100$

      300 = $\frac{S - 2420}{2420} x 100$

      3 = $\frac{S - 2420}{2420}$

         S- 2420 = 7260

          S = $9680

To make a 300% gain, Jefferson Middle school needs a $9680 from fundraiser sales this year.