SOLUTION: I'm having a tough time figuring of out how to set up this formula. A company is trying to make a profit of $500.00. each flower costs them .50 cents to purchase and they have set

Question 881118: I'm having a tough time figuring of out how to set up this formula. A company is trying to make a profit of $500.00. each flower costs them .50 cents to purchase and they have set the sale price of each flower at the purchase price (.50 cents) plus 40%. How do I set this up the right way?
my email is
kristenhowardn@gmail.com
Thank you and appreciate your help
Answer by KMST(5328) (Show Source): You can put this solution on YOUR website!
I guess you want to know how many flowers they need to sell to make a profit of $500.00.

MENTAL MATH:
They would purchase 2 flowers for cents and make a profit of 40% of that or cents.
That is a profit of cents per flower.
They would make $1 from selling flowers,
and to make times that amount ($500), they would need to sell
flowers.

IF FORMULAS ARE NEEDED:
40% of 50 cents is

That is the profit per flower.
If = number of flowers sold

To make in profit, is the equation to solve.
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