Answered

each year Lizzie's school purchases students agenda books, which are sold in the school store. This, the school purchased 350 books at a cost of $1,137.50 if the school would like to make a profit of $1,500 to help pay for trips and school activities, what is the least amount they can charge for each agenda book? explain how you found your answer

Verified Answer :

luana

\(charging \ 350\ \ books\ cost \ 1137,50\$\ profit\\\\\ charging\ 1\ book\ cost\ 1137,50\div350=3,25\$\\\\\ x+3,25-new\ price\\\\ (3,25+x)*350=1500\ \ \ |:350\\ 3,25+x=4,28\\ x=4,28-3,25\\ x=1,03\\\\ x+3,25=1,03+3,25=4,28\\\\The\ least\ amount\ thay\ should\ charge\ for\ each\ book\ is\ 4,28\$.\)

calculista

we know that

The school paid a unit price ($) per book of

@@MATH_TOKEN_0@@

$\(3.25\) per book.

In order to make a profit of $1,500, the agenda books need to be

sold for a minimum of

@@MATH_TOKEN_2@@

$\(7.54\) per book.

Check

$@@MATH_TOKEN_4@@ brings revenue of

$\(2,639\),

and \((2,639-1,137.50)\) gives profit of

$@@MATH_TOKEN_7@@

therefore

the answer is

$\(7.54\) per book.

Related Questions