Question

Weird question, I guess.

This is my 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

and this is what I got:
$500 = [0.5(1.4) – 0.5)]f



It costs them $0.50 to purchase each flower.



Then they sell the flowers at the purchase price plus 40% so $0.50 + 40%.



So the cost they spent on all the flowers is 0.50x (Use c to represent this)



So this would mean they sell each flower for $0.70. (Use s to represent this)



So the profit (use p to represent this) is the difference between the cost and sold.



p = s - c



p = 0.70x - 0.50x



p = (0.70 - 0.50)x



p = (0.20)x



p = 0.20x



So the profit made on each flower sold is $0.20.



To make a profit of $500...



500 = 0.20x



Once I solved for x I got

x = 2500
So you must buy and sell 2,500 flowers

Answer 2

and my teacher responded back to me and told me to use this equation:

$500 = [0.5(1.4) – 0.5)]f

so I'm confused

Answer 3

Generally, it helps if you provide some clue as to where it is you might be stuck.

Cost: 0.50
Retail Price: 0.50 * 1.40 = 0.70
Profit: 0.70 - 0.50 = 0.20

You can see all the pieces, in there.

Answer 4

I'll try to figure it out. thanks for the help! :)