First, you add 15%+5% which equals 20%.
Second, you find 20% of $200. You turn 20% into a decimal, which is 0.20. Then multiply 200 times 0.20 which is 40. $40 is the amount the author gave away.
Third, you subtract 200-40 which equals $160. He takes home $160.
Hope that helped! :)
The **profit **of the **author **will be $160.
What is profit?
When we **sell **any product above its **cost **price then there will be a profit. It is given that An author is having a book signing at a store . He agrees to give 5% of his profit to **literacy **programs and 15% of his profit to his manager. If he **makes **a profit of $200.
First, you add 15%+5% which equals 20%.
Second , you find 20% of $ 200 . You turn 20% into a decimal, which is 0.20 . Then multiply 200 times 0.20. which is 40 . $40 is the amount the author **gave **away.
Third, you subtract **200-40 **which equals ∗ ∗ 160. ∗ ∗ He t ak es h o m e 160 .
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The author takes home $160.00 after giving away 5% to literacy programs and 15% to his manager from a total profit of $200.00. This is calculated by first finding the total percentage given away and then subtracting it from the total profit. Ultimately, he retains 80% of his profit.
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