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Annette [7]
3 years ago
14

Kathleen makes bracelets to sell in a booth at a local store. She spent $62.30 on supplies to make bracelets for the next month.

The booth itself costs $25 a month. She sells each bracelet for $5.50. If she sells 35 bracelets during the next month, how much profit will she make? Enter your answer using a $ sign. *
Mathematics
1 answer:
vodomira [7]3 years ago
4 0

Answer:

$105.20

Step-by-step explanation:

Given that :

Cost of materials = $62.30

Cost of booth = $25 / month

Price per bracelet = $5.50

Profit of 35 bracelet is sold next month =?

Profit = Revenue - Expenses

Revenue = $5.50 * 35 = $192.50

Expenses = $25 + $62.30 = $87.30

Profit = $192.50 - $87.30

= $105.20

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Answer:

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Step-by-step explanation:

The percentage discount is 19.5\%

The discount is always given on the list price.

Sales\:\:Price=List\:\:Price-Discount

Let the list price be L, then

List price=L

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We substitute into the equation to get:

1167.25=L-0.195L

1167.25=0.805L

Divide both sides by 0.805

\frac{1167.25}{0.805}=L

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Step-by-step explanation:

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Required

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