Question

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.

Answer 1

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we know that

c = amount charged for the books

350c = amount received for the books

350c ≥ 1137.5 + 1500 The amount received must be at least the cost plus profit.

350c ≥ 2637.50 Divide both sides by 350

c ≥7.5357

They must sell the books for at least $7.54.

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Answer 2

Answer:

we know that

c = amount charged for the books

350c = amount received for the books

350c ≥ 1137.5 + 1500 The amount received must be at least the cost plus profit.

350c ≥ 2637.50 Divide both sides by 350

c ≥7.5357

They must sell the books for at least $7.54.

Thanks