SOLUTION: 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
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: 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
Log On
Question 1049566: 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? Found 2 solutions by josmiceli, MathTherapy:Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = number of necklaces she has to sell
to make profit of $225
--------------------------
She needs to sell 25 necklaces to reach
a profit of $225
--------------------
If you want, get another opinion on this.
You can put this solution on YOUR website! 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:
