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Great Gifs pays its supplier $65 for each box of 12 bells. The owner wants to determine the minimum amount x he can change his customers per bell in order to make at least a 50% profit per box. What is x ? Round to the nearest hundredth of necessary

Verified Answer :

Answer:

The owner is making Profit by  \(x \geq $8.13\)   per bell.

What is Profit?

The profit is defined as the amount gained by selling a product, and it should be more than the cost price of the product.

FOR THE GIVEN CASE:

Step 1:

50% profit per box probably means enough to cover the cost of a box plus 50% of $65

This Means,

Selling price = cost of bell + 50% of cost price

                      =65+0.5(65)

                      = 97.5dollars

Step 2:

Now we are talking about 12 bells here, so

On dividing it by 12 bells per box

Step 3: We get,

97.5 ÷ 12

= $8.13 per bell

So they would have to charge in order to make at least a 50% profit per box.

\(x \geq $8.13\) Per bell.

Learn more about PROFIT and LOSS here:

https://brainly.com/question/2026179

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