Answered

Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

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

Sagot :

luana
[tex]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\$.[/tex]
calculista

we know that

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

[tex] \frac{1,137.50}{350} =3.25 [/tex]

$[tex] 3.25 [/tex] per book.

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

sold for a minimum of

[tex] 3.25+\frac{1500}{350} =3.25+4.29\\ =7.54 [/tex]

$[tex] 7.54 [/tex] per book.

Check

$[tex] 7.54*350 [/tex] brings revenue of

$[tex] 2,639 [/tex],

and [tex] (2,639-1,137.50) [/tex] gives profit of

$[tex] 1,501.50 [/tex]

therefore

the answer is

$[tex] 7.54 [/tex] per book.

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.