Question

Each year lizzie purchases student agenda books, which are sold in the school store. This year, the school perchesed 350 books at the cost of 1,137.50. if the school would like to make a profit of 1,500 to help pay for field trips and school activities, what is the least amount they can charge for each agenda book?

Answer 1

The least amount they can charge is $4.29.

Answer 2

it's actually 7.54 because they want a profit of 1500. So, you need to add 1500 to the amount they paid, 1137.50 which gives you 2637.50 then divide that by 350, giving you the answer of 7.54