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 $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? ( Explain how you found your answer.)

Answer 1

Divide $1,137.50 by 350 to see out how much each book costs. Then divide $1,500 by 350 to see how much the school should add to the price of each agenda book to make the total profit. So the answer should be: (1137.50/350)+(1500/350) = minimum price