Question

Please help!!!!!!!


Angelica's service club is selling flowers for a fundraiser. Each flower costs them $0.50 to purchase. They set the sale price of each flower at the purchase price plus 40%. Write and solve an equation to determine how many flowers they will need to sell to make a profit of $500. Use complete sentences to explain what each number and variable in your equation represents. Write your solution in the context of the original problem.

Which one represent sale price in here?

Answer 1

@lalaly

Answer 2

P = the profit they make
n = the number of flowers they sell
m = the mark-up of the flowers
c = the cost of a flower

Then

P = mcn - cn

Rearrange to find n

P = n(mc - c)

n = P / (mc - c)

Substituting values

n = 500 / (1.4*0.5 - 0.5)

n = 2500

They must sell 2500 flowers to make a profit of $500.

Answer 3

is it 40%?

Answer 4

Since it is a profit of 40% you just add a whole to it making it 1.4%

Answer 5

I don't want it to solve, just want to know which one is sale price

Answer 6

is it 40%?

Answer 7

Yes

Answer 8

thank you so much for help!!!

Answer 9

Welcome :)

Answer 10

@tkhunny @hartnn I wanted to know, 40% is the one that represented sale price here. Is it true?

Answer 11

@ybarrap

Answer 12

"They set the sale price of each flower "

This is bad. It should have said "sell price", not "sale price". A "sale" is normally a discount, and that's just not what they are talking about.

Answer 13

So it is 40% ?

Answer 14

I know they are not talking about that. I just wanted to know it

Answer 15

The SELL price is $0.50 + 40%($0.50) = $0.50 + $0.20 = $0.70
The Profit on each flower is that markup. 40%($0.50) = $0.20.

Answer 16

so it is not called sale price?

Answer 17

40% is a mark up

Answer 18

@Compassionate

Answer 19

Absolutely not talking about a "sale" price, here. It might mean the price AT THE SALE, I suppose, but that is confusing. You can have a "sale" and "sell" things, but when talking about price, the "sale" price is a discount off the regular retail.

Answer 20

You must be VERY careful when talking about "markup" There are two ways to calculate it. In this case, it is a percentage (40%) of the Wholesale price. Sometimes, and you must read carefully to know, it is a percentage of the Retail Price. That is a different animal than what we have, here.

Answer 21

So what exactly represent 40 percent here?

Answer 22

40% of the Wholesale price is the Markup in this arrangement.

Answer 23

ok thank a lot for help!!!!! And I am sorry for trouble. :(

Answer 24

What trouble? It's why we're here. :-)