Skye makes a profit of 68$ per basket and her expenses are $2.50 per basket. how much does she charge a customer for 3 baskets?

Question

Skye sells baskets that she weaves from sweet grass. She makes a profit of 68$ per basket and her expenses are $2.50 per basket. how much does she charge a customer for 3 baskets?

Answer 1

Billy, the profit is what you make after subtracting your expenses. If the selling price for one is s, then 68 = s - 2.50, so s = 70.50.

 

That's for one, so three would sell for 3(70.50) = 211.50.

 

Hope this helps!

Answer 2

Billy,

 

The sales price per basket is the sum of the profit and expense for each basket.  So, for each basket then, the sale price would be:

 

s = $68 + $2.50 = $70.50

 

For 3 baskets, multiply this result by 3:

 

total sales price = 3(70.50) = $211.50 for 3 baskets