veronika also...

Question

veronika also aims to make $360 from selling earrings. she estimates that she can sell 75 pairs of earrings , with production costs of $24.50 per pair. At what price should she sell the earrings?

Answer 1

$24.50(75)= $1837.5

Since the production cost is $24.50 and she's making 75 earring, it will cost $1837.50 to make the earrings. We will add this amount to the total she'd like to make, so that she can also make that money back:

$1837.50 + $360= $2197.50

 

 

If she wants to make $360 and anticipates selling 75 pairs, an equation that models this problem is 

$2197.50 = 75x

where x is the price of the earrings she'd have to set. 

Solving for x, we divide both sides by 75 and get x = $29.30