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I.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 profit of $500. Use complete sentences to explain what each number ad variable in your equation represents. Write your solution in the context of the original problem.

Answer :

metchelle
Let: P(f) = Profit from the flowers
f = number of flowers sold
1.4 = 140% markup of the flower
0.50 = cost to buy each flower

P(f) = 1.4(0.50f) - 0.50f

Solving for f:

500 = 1.4(0.50f) - 0.50f
f = 2500

Therefore, they should sell 2500 flowers to have a profit of $500.

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