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Each year Lizzie's school purchases student agenda books, which are sold in the schooTstore. This year, 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 field trips and school activities, what is the least amount they can charge for each agenda book? Explain how you found your answer.

User Ineztia
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1 Answer

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Answer: $7.54 each book.

Add 1137.5+1500= 2637.5
Divide 2637.5/350=7.54

Checking answer
350 x 7.54= $2639

$2639 -$1137.5= $1501.5(profit)
User Mattacular
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