asked 22.2k views
4 votes
Each year Lizzie's school purchases student agenda books, which are sold in the schooTstore. 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.

asked
User Ineztia
by
8.2k points

1 Answer

3 votes
Answer: $7.54 each book.

Add 1137.5+1500= 2637.5
Divide 2637.5/350=7.54

Checking answer
350 x 7.54= $2639

$2639 -$1137.5= $1501.5(profit)
answered
User Mattacular
by
8.4k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.