Please help! I would like to be able to follow your steps to learn how to solve future problems. thank you so much :)

Assume you need to cover $7,500 per month of personal living expenses with the profits from your business. How much profit does your business need to make in order for you to "take home" $7,500 per month? Assume you have to pay out 25% of the business's profits for taxes. $7,500$30,000$10,000$9,375 Considering the information above, a wise business person would discontinue Product Y. True False Assume you need to cover $8,500 per month of personal living expenses with the profits from your business. How much prolit does your business need to make in order for you to take home' $8,500 per month? Assume you have to pay out 35% of the business's profits for taxes. \begin{tabular}{c} \hline$13.077 \\ \hline$24.286 \\ \hline$8.500 \\ \hline$11.475 \end{tabular}