Help me with this problem please
1 answer:
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Answer:
To make a profit of at least $500 she must sell at least 12 necklaces
Step-by-step explanation:
Joyce rented a booth at a carnival at a cost of $95 to sell handmade beaded necklaces. The cost of making and packaging each beaded necklace was $15. If Joyce sells the beaded necklaces at $35 each then we have to find beaded necklaces she sell to make a profit of at least $500.
The costs side of the equation, we have:
Let no. of necklaces that she sell are x
∴ The cost of making and packaging x beaded necklace is $15x
Total Cost = 95+15x
Now, Joyce sells the beaded necklaces at $35 each. Therefore, selling price will be $35x
To make a profit of at least $500 the equation can be written as
⇒
Hence, to make a profit of at least $500 she must sell at least 12 necklaces