Question

7. Each year Lizzie's school purchases student agenda books which are sold in the school store This veal the mm purchased 350 books at a cost of If the school would like to make a profit nil to help pay for field trips and school activities what is the leas amount they can charge for each agenda hook Explain how you found urn answer

Answer 1

If the school spent $1,137.50 and wants to make a $1500 profit, then they need to make $2637.50 to earn back what they spent and make a profit. So, if you divide $2637.50 by 350, the number of books they purchased, you get the amount each book would have to cost to make this much money. The lowest price they could sell them for is $7.54.