Belle bought 30 pencils for $1560. She made a profit of $180. How much profit did she make on each pencil
The cost per pencil is:
1560/30 = 52
Build revenue function:
Revenue = Number of Pencils * Sales Price (s)
Revenue = 30s
The profit equation is:
Profit = Revenue - Cost
Given profit is 180 and cost is 1560, we have:
30s - 1560 = 180
To solve for s, we type this equation into our search engine and we get:
s = 58
This is sales for total profit. The question asks profit per pencil.
Profit per pencil = Revenue per pencil - Cost per pencil
Profit per pencil = 58 - 52
Profit per pencil = 6
The cost per pencil is:
1560/30 = 52
Build revenue function:
Revenue = Number of Pencils * Sales Price (s)
Revenue = 30s
The profit equation is:
Profit = Revenue - Cost
Given profit is 180 and cost is 1560, we have:
30s - 1560 = 180
To solve for s, we type this equation into our search engine and we get:
s = 58
This is sales for total profit. The question asks profit per pencil.
Profit per pencil = Revenue per pencil - Cost per pencil
Profit per pencil = 58 - 52
Profit per pencil = 6