Selling is considered as to provide an item or goods in exchange for cash to the purchaser by the supplier or manufacturer. Sales are done to make a profit over the items manufactured or produced.
How much should each bracelet cost?
Correct option is C.
Given Information:
Solution:
Let x be the price at which Sara sells each bracelet to make a profit of $99.
Total sale done=Number of bracelets sold* sale price of each bracelet
Total sale done=15*x...…(1)
Also,
Total sale price=Total cost+ Total profit
Total sale price=$28.50+$99.....(2)
Equating (1) and (2):
=$28.50+99=15x
=X=127.5/15
=X=$8.50
Therefore, the cost of each bracelet is =$8.50
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