Question

1. 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

Answer 1

sales price = purchase price + 40%
sales price = .50 + .40(.50) = .50 + .20 = .70

if they buy the flowers for .50 a piece and then they sell them for .70, they make a profit of (.70 - .50) = .20 per flower.

f = flowers

.20f = 500 -- divide both sides by .20
f = 500/.20
f = 2500
check..
.20(2500) = 500
500 = 500 (correct)

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