can someone help me do this probem here? 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.
Let f be the purchase price for a single flower and n be the number of flowers sold. Profit = f 1.4 n For a $500 profit: 500 = 0.5 1.4 n 500 = 0.7 n n = 714.286 or 715 flowers
wait i don't understand explain to me how to set up the equation
The sale price is to be set to 100% of the cost of one flower plus the profit on one flower which is 40% of the cost. 100% + 40% = 140% = 1.4 1.4 times the purchase price of one flower, times the number of flowers to be sold must equal $500. 1.4 x 0.50 x n = 500 Solve the above for n, the number of flowers to be sold to achieve a $500 dollar profit. One cannot sell 0.286 of a flower so one has to round up to the next highest integer to determine the number of flowers to purchase in order to obtain a $500 profit.
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