Multiple choice

Francis bought a stereo for $x$ dollars and sold it at a $3$ percent profit. Which of the following gives the amount of Francis' profit?

  1. $ $0.03x$
  2. $ $0.07x$
  3. $ $0.30x$
  4. $ $0.70x$
  5. $ $0.97x$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Profit is calculated as a percentage of the cost price. 3% of x is 0.03 * x.

AI explanation

Francis bought the stereo for a cost price of x dollars and made a 3 percent profit on this outlay. The formula for profit amount is profit percentage multiplied by cost price. Calculating this gives 3 percent of x, which equals 0.03x dollars.

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