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Answer:
$79.65
Step-by-step explanation:
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Answer:
The equation should be 8 (x minus 2.75) = 78, and she needs to sell each necklace for $12.50.
Step-by-step explanation:
The contribution margin of each necklace is the difference between its selling price (x) and its cost (2.75). Then the total profit from 8 necklaces would be ...
8(x -2.75)
If Rita wants that profit to be $78, then she needs to solve the equation ...
8(x -2.75) = 78 . . . . correct equation
The solution is ...
x -2.75 = 9.75 . . . . divide by 8
x = 12.50 . . . . . . . . add 2.75
She needs to sell each necklace for $12.50.
