malela sells engraved necklaces over the internet. She purchases 50 necklaces for 400 dollars and it costs her an additional 3 dollars for each personalized engraved necklaces. if she charges 20 dollars each, how many necklaces will she need to reach a profit of 225 dollars?
Cost of 50 necklaces: $400
Cost to engrave 50 necklaces: 50(3), or $150
Total cost: $400 + 150 = $550
Let number of necklaces to be sold, be N
Then revenue: 20N
Profit = Revenue - Cost, so we get: 225 = 20N - 550
225 + 550 = 20N
750 = 20N
N, or number of necklaces to realize a $225 profit: , or 38.75, rounded UP to: