Algebra 1 Word Problem dog collars

Question

You make 35 dog collars and anticipate selling all of them at a craft show. You spent $85 for materials and hope to make a profit of $90. How much should you charge for each collar?

Answer 1

Profit = revenue - cost

 

let the price of a collar = x.

revenue = price x quantity = 35x

 

plug in what you know into the profit equation

profit = 90 and cost = 85

 

so the equation needed is. 90 = 35x - 85

 

solve. Add 85 to both sides:  175 = 35x

divide by 35:   175/35  = x

x = 5

charge $5 for each collar