Answer:
Sara should sell each bracelet at $8.50 to make a profit of $99.
Step-by-step explanation:
We are given the following:
Total cost = $28.50
Total bracelets to be made = 15
Total profit to be made = $99
Let [tex]x[/tex] be the price at which Sara sells each bracelet to make a profit of $99.
[tex]\text{Total sales done = Number of bracelets sold }\times \text{ Sales price of each bracelet}\\[/tex]
[tex]\Rightarrow 15 \times x ...... (1)[/tex]
Also,
[tex]\text{Total sales price = Total Cost}+ \text{Total Profit} \\[/tex]
[tex]\Rightarrow \$28.50 + \$99 ....... (2)[/tex]
Equating (1) and (2):
[tex]\Rightarrow 28.50 + 99 = 15x\\\Rightarrow x = \dfrac{127.5}{15}\\\Rightarrow x = $8.50[/tex]
Sara should sell each bracelet at $8.50 to make a profit of $99.
