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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 of $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.

Verified Answer :

Aliwohaish12

First divide $1,137.50 by 350 to figure 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

Answer:

The least amount they can charge for each agenda book is:

$7.54

Step-by-step explanation:

The school  purchased 350 books at a cost of $1,137.50.

The school would like to make a profit of $1,500.

i.e. Total money they should charge for 350 books= $(1500+1137.50)

                                                                                     = $2637.50

i.e. for 350 books they should charge $2637.50

For 1 book they should charge $(2637.50/350)

For 1 book they should charge $7.54

Hence, the least amount they can charge for each agenda book is:

$7.54

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