Use an algebraic approach to solve the problem.

Question

The owner of a pizza parlor wants to make a profit of 60% of the cost for each pizza sold. If it costs $7.50 to make a pizza, at what price should each pizza be sold?

Answer 1

profit = 0.6 * 7.5 = $4.5

price = cost + profit = 7.5 + 4.5 = $12