Question

Lucy has a jewelry business. To make a certain necklace, she spends $3.38 on materials and $5.57 on labor.
She then sells the necklace for $15.99. Lucy’s profit on the necklace is equal to the sale price minus the cost
of materials and labor.
(a) How much profit does Lucy earn when she sells a necklace? What fraction of the sale price of the
necklace is profit? Record your answer as a fraction using whole numbers.
(b) What decimal of every dollar of the sale price of the necklace is profit? Show your work. Round your
answer to the nearest hundredth.
(c) Lucy collected $223.86 selling necklaces at a craft fair. How many necklaces did Lucy sell? How
much profit did she earn?

Answer 1

@MrMudd183