The least amount they could charge for each agenda book is $8
Represent the selling price of each book with x.
So, the total selling price of the 350 books is:
Total = 350x
The school wants to make a profit of $1500.
So, the total revenue is
Revenue = $1137.50 + $1500
Evaluate
Revenue = $2637.5
The least amount they could charge is calculated as:
350x = $2637.5
Divide both sides by 350
x = $2637.5/350
Evaluate
x = $7.535
Approximate
x = $8
Hence, the least amount they could charge for each agenda book is $8
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Complete question
Each year Lizzie’s school purchases student agenda books, which are sold in the school store. This year, the school purchased 350 books at a cost of $1,137.50. If the school would like to make a profit of $1,500 to help pay for field trips and school activities, what is the least amount they can charge for each agenda book? Explain how you found your answer