Question

Perry spent $22.50 on material to make necklaces. He used all of the material and made 15 necklaces. How much should Perry charge for each necklace if he wants to make a profit of $60?

Answer 1

Profit = amount earned - amount spent

amount spent is 22.50
profit is 60

Solve for amount earned, then divide by 15 necklaces to get the price per necklace