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Luke and Matthew ran a lemonade stand on Saturday. They agreed that Matthew would get of the profit because the lemonade stand was his idea. They made a profit of . How much, in dollars, did Matthew make?
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Q. Luke and Matthew ran a lemonade stand on Saturday. They agreed that Matthew would get of the profit because the lemonade stand was his idea. They made a profit of . How much, in dollars, did Matthew make?
- Calculate Total Profit: Identify the total profit made from the lemonade stand.The total profit made is .
- Calculate Matthew's Percentage: Calculate the percentage of the profit that Matthew will receive. Matthew is to get of the total profit.
- Convert Percentage to Decimal: Convert the percentage to a decimal to facilitate the calculation. as a decimal is .
- Calculate Matthew's Earnings: Multiply the total profit by the decimal equivalent of Matthew's percentage to find out how much he made.Matthew's earnings = Total profit Matthew's percentage in decimalMatthew's earnings =
- Perform Multiplication: Perform the multiplication to determine Matthew's earnings.Matthew's earnings = Matthew's earnings =
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