Question

Marisa decided to raise the price of her earrings so that she will make a profit of $5.00 on each pair. She has

Answer 1

Marisa, who raise the price of her earrings so that she will make a profit of $5.00 on each pair, expect to make a profit with her company.

What is the unit price?

The unit price is the amount of money required to buy one unit of a item or goods.

To find the unit price, divide the total cost of the goods to the total number of goods.

The cost of repair will now be $60. Thus, the total cost of 50 earrings is,

$C=60\times50\\C=3000$

Marisa decided to raise the price of her earrings so that she will make a profit of $5.00 on each pair. Thus, the new selling price of her earring is,

$P=60+5\\P=65$

The sale's price of 50 earrings is,

$P=50\times65\\P=3250$

She has also improved the quality control so that only 1 pair in 50 need to be returned for repair. Thus, the cost price of one earring has to be removed from the sales price of 50 earrings as,

$P=3250-60\\P=3190$

The profit made by her company on 50 earrings is

$p=P-C\\p=3190-3000\\p=190$

Thus, Marisa, who raise the price of her earrings so that she will make a profit of $5.00 on each pair, expect to make a profit with her company.

Learn more about the unit price here;

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