Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Get quick and reliable answers to your questions from a dedicated community of professionals on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

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 your visit. We're dedicated to helping you find the information you need, whenever you need it. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.