Answer:
$7.74
Step-by-step explanation:
The school buys 350 books. These books, in total, costed the school $1137.50. The school wants to make a profit of $1500.
For the school to make a profit on its purchase, it needs to earn $1500 more than the price that they paid for the books.
This means that we can add these values together to get the minimum amount that the school needs to earn
[tex]1137.50+1500=2637.50[/tex]
Now that we have the minimum value, we can divide this by 350 in order to find the minimum price for each individual book.
[tex]\frac{2637.50}{350} =7.7357=7.74[/tex]
This means that the school needs to sell these books for at least $7.74
(... This fictional school is selling the books for more than double the price they paid for them...)
