The profit of the store is the amount the store makes on top of the cost of
each game sold.
The store's profit is $35.00
Reason:
The amount Elsie bought the video game = $85.00
The percentage the store charges = 170% of the cost of the game
We have;
Let C represent the cost of the game, we have;
170% of C = 85.00
Which can be expressed as [tex]\dfrac{170}{100} \times C = 85.00[/tex]
Therefore;
[tex]C = \dfrac{85.00}{\dfrac{170}{100} } = \dfrac{85.00 \times 100}{{170} } = 50[/tex]
The cost of the game, C = $50.00
Profit = Selling price - Cost
Therefore, the store's profit, P = $85.00 - $50.00 = $35.00
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