Calculating Percentage

John Arithmetic

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Nov 13, 2020
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I have a question. how do I calculate "15% of First 25% of Profit Over Budget"? Let's say Budget is $25,000 and profit is $27,000. Thanks in advance
 
my interpretation given the fact I’m not a business/financial type ...

amount of profit over budget is $2000

25% of $2000 is $500 (don’t know if the descriptor “first” 25% makes any difference)

finally, take 15% of $500
 
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