Question

Each year Lizzie's school purchases student agenda books, which are sold in the school store. This year, the school purchased 350 books at a cost of $1,137.50. If the school would like to make a profit of $1,500 to help pay for field trips and school activities, what is the least amount they can charge for each agenda book?

Answer 1

The least they can sell the agenda is for $7.54

You need to multiply $7.54 by 350 or total # of books
$7.50x350= $2,625

Then all thats left to do is subtract the original cost of the books $1,137.50
$2,625-$1,137.50= $1,501.50

In total they would make a profit of $1,501.50