Question

1. Lucy has a jewelry business. To make a certain necklace, she spends $3.38 on materials and $5.57 on labor. She then sells the necklace for $15.99. Lucy’s profit on the necklace is equal to the sale price minus the cost of materials and labor\

) What decimal of every dollar of the sale price of the necklace is profit? Show your work. Round your answer to the nearest hundredth.

Answer 1

Okay, first we look at the key words in the question.

She spends $3.38, on material, and $5.57 for labor.

She gets $15.99 for one bracelet.