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?◻
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?◻
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.Total profit = $25Matthew's percentage = 60%
Find Matthew's Earnings: Step 2: Calculate Matthew's share of the profit.Matthew's share = Total profit × Matthew's percentageMatthew's share = $25×0.60
Find Matthew's Earnings: Step 2: Calculate Matthew's share of the profit.Matthew's share = Total profit × Matthew's percentageMatthew's share = $(25)×0.60 Step 3: Perform the calculation to find out Matthew's earnings.Matthew's share = $(25)×0.60=$(15)
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