SOLUTION: I have a word problem and this is what is reads: A college book store makes 23.2 cents on each dollar for profit. The average student spends $940 dollars a year on books. How mu

Question 343796: I have a word problem and this is what is reads:
A college book store makes 23.2 cents on each dollar for profit. The average student spends $940 dollars a year on books. How much of this expenditure go to the college store?
These problems are made to be difficult so I feel like I'm missing a step somewhere. I would think that is would just simply be 23.2 cents of $940 which is $40.52 approximately. Is this correct?
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
I'm not sure how you got $40.52, but here is what I think they mean here.
:
A college book store makes 23.2 cents on each dollar for profit.
The average student spends $940 dollars a year on books.
How much of this expenditure go to the college store?
:
"23.2 cents on each dollar" is the same as saying 23.2% is profit for the school
:
therefore:
.232 * 940 = $218.08 goes to the college store when a student spends $940
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