The profit on each book is $ 5.25
Solution:
Given that, the drama club at school sells $ 15.00 coupon books
Their profit is 35% of the total sales
Therefore,
Cost of a coupon book = $ 15
Profit = 35% of the total sales
We have to find the profit on each book
If a book is sold for $ 15 and then profit will be 35 % of 15
Let us find 35 % of 15
[tex]Profit\ on\ each\ book = 35 \% \times 15\\\\Profit\ on\ each\ book = \frac{35}{100} \times 15\\\\Profit\ on\ each\ book = 0.35 \times 15\\\\Profit\ on\ each\ book = 5.25[/tex]
Thus profit on each book is $ 5.25
