Hyo-Jin makes bracelets and sells them on an online craft website. Last month, she sold 6 bracelets. After paying the website a commission of $1.25 for each bracelet sold, Hyo-Jin made a total of $16.50. How much does each bracelet sell for on the website? Explain the steps you followed to get your answer.
Let x be the price each bracelet sells for on the website.
Total revenue from selling 6 bracelets = 6x
Total commission paid = $1.25 x 6 = $7.50
Hyo-Jin's profit after paying the commission = Total revenue - Total commission
So, 6x - $7.50 = $16.50
6x = $16.50 + $7.50
6x = $24.00
x = $24.00 / 6
x = $4.00
Therefore, each bracelet sells for $4.00 on the website.