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

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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) About Me  (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 100 cents and make a profit of 40% of that or 40 cents.
That is a profit of 20 cents per flower.
They would make $1 from selling 5 flowers,
and to make 500 times that amount ($500), they would need to sell
500%2A5=highlight%282500%29 flowers.

IF FORMULAS ARE NEEDED:
40% of 50 cents is
%2840%2F100%29%2A%28%22%24+0.50%22%29=%22%24+0.20%22
That is the profit per flower.
If x= number of flowers sold
profit=%28%22%24+0.20%22%29x
To make %22%24+500%22 in profit, 0.20x=500 is the equation to solve.
0.20x=500--->x=500%2F0.20--->x=highlight%282500%29