Question

A business bought a lot of 2,500 lamps for fifty thousand dollars and wants to to sell them at 15% prfit. How much should each lamp cost?

Answer 1

So 15% of 50000=7500 The answer is 7500

Answer 2

Let L = how much is lamp should cost

L = [(50,000)(0.15) + 50,000]/(2500)

Calculate the right side of the equation to find your answer.