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 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?

Answer 1

The school can charge $7.54 for each agenda book.

Step-by-step explanation:

Given,

Purchase price of 350 books = $1137.50

Profit they want to make = $1500

Total amount = 1137.50 + 1500 = $2637.50

Therefore;

The school must sell 350 books for $2637.50

Thus,

350 books = 2637.50 dollars

1 book = $\frac{2637.50}{350}$

1 book = $7.535

Rounding off to nearest cent

1 book = $7.54

The school can charge $7.54 for each agenda book.

Keywords: addition, division

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