Question

a set of pencils sells for $1.75 and costs $0.40 to make. twenty percent of the profit from each set of pencils goes to a school. if 500 sets are sold,what is the amount of money that will go to the school

Answer 1

500 pencils sold for 1.75 per pencil is $875.

Now find the cost of producing 500 pencils at 40 cents a pencil. This is $200.

Subtract it from 875 to get $675.

The school gets 20% from this $675 so we multiply 675 x 0.20 to get 135

The school will get $135 if they sold 500 sets of pencils.