Question

Patricia produces wall calendars which she sells at the weekend. Each calendar requires 12 sheets of paper and a cover. The paper costs $50 for a pack of 200 sheets and the covers cost $40 for 100. Patricia estimates that the other costs for producing 1 calendar come to $3. She sells the calendars for 20% more than the amount that it costs her to produce them. How much does Patricia sell each calendar for? (Show your work)

Answer 1

Patricia sell each calendar for $7.68

Explanation:

Each calendar requires 12 sheets of paper and a cover.

Cost of 200 sheets = $50

Cost pf 12 sheets =
`(50)/(200) * 12=3`

Cost of 100 covers = $40

Cost of 1 cover =
`(40)/(100)=0.4`

Patricia estimates that the other costs for producing 1 calendar come to $3.

So, total cost for 1 calendar = $3+$0.4+$3=$6.4

She sells the calendars for 20% more than the amount that it costs her to produce them.

So, Selling price of 1 calendar =
`6.4+20\%(6.4)=6.4+0.2(6.4)=7.68`

Hence Patricia sell each calendar for $7.68