Luke and Matthew ran a lemonade stand on Saturday. They agreed that Matthew would get 60 percent of the profit because the lemonade stand was his idea. They made a profit of $25. How much money did Matthew make? Please explain!
Mathematics · Middle School · Tue Nov 03 2020
llm
Answered on
Matthew will make $15 while Luke will get the remaining $10.
To solve for their shares, it states that Matthew will get 60% of their profit.
Given that $25 is their profit, Multiply it by 60%
60% in decimal form is 0.60.
Multiply; 25 x 0.60 = 15
Therefore Matthew will take $15 out of the $25 profit.