Question
As a result of initial expenses, a new business has a net worth of 45,000 dollar. The goal for the first year is to make enough profit to have a net worth of 15,800 dollar. How much must the business make that first year to achieve its goal?
Step 1
To get to a net worth of $0, the business needs to make $45,000. Show more…
Show all steps
Your feedback will help us improve your experience
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
A business makes a $\$ 10,000$ profit during its first year. If the yearly profit increases by $\$ 7500$ in each subsequent year, what will the profit be in the tenth year and what will the total profit for the first 10 years be?
Discrete Algebra
Arithmetic Sequences
A hardware store makes a profit of $\$ 30,000$ during its first year. The store owner sets a goal of increasing profits by 5000 dollar each year for 4 years. Assuming that this goal is met, find the total profit during the first 5 years of business.
Sequences, Series, and Probability
Arithmetic Sequences and Partial Sums
A hardware store makes a profit of $\$ 30,000 dollars during its first year . The store owner sets a goal of increasing profits by $\$ 5000$ each year for 4 years. Assuming that this goal is met, find the total profit during the first 5 years of business.
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD