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Mathematics 22 Online
OpenStudy (anonymous):

The parents organization bought 1,000 bumper stickers at $1.25 each to sell at football games.They want to make at least $750 profit.What should be the selling price of the stickers? a) p is greater than or equal to $1.25 b)p is greater than or equal to $1.75 c)p is greater than or equal to $1.50 d)p is greater than or equal to $2.00

OpenStudy (maeganr):

I say it is a. But you may want to get somebody elses opinion. Im not really that much help. Sorry. :/

OpenStudy (mertsj):

What did they pay for the bumper stickers?

OpenStudy (anonymous):

(A) makes sense because 1000*1.25=$1250 so you would still be making profit from selling it at 1.25.

OpenStudy (anonymous):

thanks :)

OpenStudy (mertsj):

If you pay 1.25 for something and sell it for 1.25, how can you make a profit?

OpenStudy (anonymous):

oh sorry, its $2.00 because, cost is 1250 so you go (2000-1250=750)

OpenStudy (mertsj):

They spent $1250 for the stickers. They want to make $750 which means they need to take in $2000. So if they have 1000 stickers and need to get at least $2000 for them, they should price them at $2 each or more.

OpenStudy (anonymous):

ok

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