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Question

Each year lizzy 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 1500 to help pay for field trips and school activities what is the least amount they can charge for each agenda book

Answer 1

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.