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A business entrepreneur wants to borrow $238 to start a business. After one year the business earned an income of $107. Calculate the percentage of the income based on the amount used to start the business.

Respuesta :

Statement Problem: Calculate the percentage of the income based on the amount used to start the business.

Solution:

[tex]\begin{gathered} \text{Starting Capital = \$238} \\ \text{Income earned after a year = \$107} \end{gathered}[/tex]

The percentage income is;

[tex]percentage\text{ income}=\frac{income\text{ earned}}{starting\text{ capital}}\times100[/tex]

Thus, we have;

[tex]\begin{gathered} percentage\text{ income}=\frac{107}{238}\times100 \\ percentage\text{ income}=44.96 \\ percentage\text{ income}\cong45\text{ \%} \end{gathered}[/tex]

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