Each year Lizzie's school purchases student agenda books, which are sold in the schooTstore. 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.

Respuesta :

Answer: $7.54 each book.

Add 1137.5+1500= 2637.5
Divide 2637.5/350=7.54

Checking answer
350 x 7.54= $2639

$2639 -$1137.5= $1501.5(profit)