Question

Katelynn is excited about her trip to Chicago with her orchestra. She needs to raise $500 in order to go. She decides to make and sell scarves in order to fund her trip. In order to make each scarf, she will need $3 worth of yarn. If she plans on making 100 scarves, how much must she charge for each scarf in order to be able to pay for her trip?

Answer 1

$8 each scarf

Step-by-step explanation:

Let the selling price for each scarf be x,

Formula:

unit amount(selling price - cost price) = total profit

Stepwise:

100(x - 3) = 500

100(x) - 100(3) = 500

100x - 300 = 500

100x = 500 + 300

100x = 800

x = 8