Given parameters:
Percentage gain = 300%
Selling cost last year = $2420
Unknown:
Selling cost this year = ?
Solution:
To solve this problem;
Profit percent = [tex]\frac{Selling cost this year - Selling cost last year}{Selling cost last year} x 100[/tex]
300 = [tex]\frac{S - 2420}{2420} x 100[/tex]
3 = [tex]\frac{S - 2420}{2420}[/tex]
S- 2420 = 7260
S = $9680
To make a 300% gain, Jefferson Middle school needs a $9680 from fundraiser sales this year.