Steve set up a business making friendship bracelets. He earned $70 in January. He is projected to earn 120% more in February.
How much is Steve projected to make in February?
Answer (2)
If the increase is 120%, you need to find what 120% of 70 is. The best way to work this out is to find 10%, and multiply by 12. To find 10%, you have to divide the answer by 10, therefore, 10% of 70 is 7. In order to find 120%, you have to multiply this by 12, 7x12=84. Therefore, Steve earns $70+ $84 (as he makes 120% more, so this includes the figure from the previous month). In February, Steve earns $154 Hope this helps :)
Steve's projected earnings for February, after a 120% increase from January's $70, total $154. This includes an increase of $84, which is 120% of his January earnings. Therefore, he is expected to earn $154 in February.
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