Question

Joanna decides to sell phone case to raise money for a Nintendo switch. In order to buy a bulk order of 100 phone case, she invests $40. A Nintendo switch (with tax included) will cost her $330, what price does she need to sell each phone case at to raise be able to buy the switch? Do you think this is. a reasonable plan? Why or why not?

Answer 1

Joanna needs to sell each phone case at a price of $2.90 to raise enough money to buy the Nintendo switch. This plan seems reasonable as long as there is demand for the phone cases at the price she is selling them.

Step-by-step explanation:

To determine the price that Joanna needs to sell each phone case at in order to raise enough money to buy a Nintendo switch, we need to calculate how much money she needs to make from selling the phone cases. The total amount of money Joanna needs is equal to the cost of the Nintendo switch minus the initial investment she made. So, $330 - $40 = $290.

Next, we divide the total amount of money Joanna needs to make by the number of phone cases she bought to find the price she needs to sell each phone case at. $290 / 100 = $2.90.

Therefore, Joanna needs to sell each phone case at a price of $2.90 in order to raise enough money to buy the Nintendo switch.

In my opinion, this plan seems reasonable. Joanna has purchased phone cases at a low cost and is selling them at a higher price to raise money for the Nintendo switch. As long as there is demand for phone cases at the price she is selling them, she should be able to reach her goal.