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Luke and Matthew ran a lemonade stand on Saturday. They agreed that Matthew would get 60% of the profit because the lemonade stand was his idea. They made a profit of $25. How much, in dollars, did Matthew make?

◻

Luke and Matthew ran a lemonade stand on Saturday. They agreed that Matthew would get $60\%$ of the profit because the lemonade stand was his idea. They made a profit of $\$25$ . How much, in dollars, did Matthew make? $\newline$ ◻

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Divide whole numbers - 3-digit divisors

Full solution

Q. Luke and Matthew ran a lemonade stand on Saturday. They agreed that Matthew would get

60\%

of the profit because the lemonade stand was his idea. They made a profit of

\$25

. How much, in dollars, did Matthew make?

\newline

◻

Identify Total Profit: question_prompt: How much money did Matthew make from the lemonade stand profits?
Calculate Matthew's Share: Step $1$ : Identify the total profit and Matthew's percentage. $\newline$ Total profit = $\$25$ $\newline$ Matthew's percentage = $60\%$
Find Matthew's Earnings: Step $2$ : Calculate Matthew's share of the profit. $\newline$ Matthew's share = Total profit $\times$ Matthew's percentage $\newline$ Matthew's share = $\$25 \times 0.60$
Find Matthew's Earnings: Step $2$ : Calculate Matthew's share of the profit. $\newline$ Matthew's share = Total profit $\times$ Matthew's percentage $\newline$ Matthew's share = $\$(25) \times 0.60$ Step $3$ : Perform the calculation to find out Matthew's earnings. $\newline$ Matthew's share = $\$(25) \times 0.60 = \$(15)$

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