Angel service club is selling flowers. Cost if flower is .50. Sales price is cost of flower plus 40%. How many flowers do they need to sell to make profit of $500
0.4 * 0.5 = $0.20 profit per flower.
500 / 0.2 = 2500 flowers
(.50*.40)f = 500
Solve for f.
To find out how many flowers the Angel service club needs to sell to make a profit of $500, we can follow these steps:
Step 1: Calculate the profit they would make for selling one flower:
- The cost of one flower is $0.50.
- The sales price is the cost of the flower plus 40% of the cost of the flower.
- 40% of $0.50 is (40/100) * $0.50 = $0.20.
- Therefore, the sales price of one flower is $0.50 + $0.20 = $0.70.
- The profit for selling one flower is the sales price minus the cost price = $0.70 - $0.50 = $0.20.
Step 2: Calculate the number of flowers needed to make a profit of $500:
- Divide the desired profit of $500 by the profit made for selling one flower.
- $500 divided by $0.20 is 500 / 0.20 = 2500.
- Therefore, the Angel service club needs to sell 2500 flowers to make a profit of $500.
So, the Angel service club needs to sell 2500 flowers to make a profit of $500.