52.8k views
2 votes
Each year Lizzie’s school purchases student agenda books, which are sold in the school store. 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 Max Bates
by
7.8k points

2 Answers

2 votes
First divide $1,137.50 by 350 to figure out how much each book costs. Then divide $1,500 by 350 to see how much the school should add to the price of each agenda book to make the total profit. So the answer should be: (1137.50/350)+(1500/350)=minimum price
User Andrew Dunaway
by
8.0k points
3 votes

Answer:

The least amount they can charge for each agenda book is:

$7.54

Explanation:

The school purchased 350 books at a cost of $1,137.50.

The school would like to make a profit of $1,500.

i.e. Total money they should charge for 350 books= $(1500+1137.50)

= $2637.50

i.e. for 350 books they should charge $2637.50

For 1 book they should charge $(2637.50/350)

For 1 book they should charge $7.54

Hence, the least amount they can charge for each agenda book is:

$7.54

User Nikolai Savulkin
by
8.2k points
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