Reeves Montgomery
09/11/2023 · Senior High School
Assume that Angie (Problem 8-29) can sell the cracked cookies for \( \$ 1.10 \) each. What should Angie pric each cookie? LU \( 8-3(2) \)
UpStudy ThothAI Solution
Tutor-Verified Answer
Step-by-step Solution
To determine the price at which Angie should sell each cookie, we need to consider the cost of producing the cookies and the desired profit margin. Let's break down the problem step by step:
1. **Cost of producing the cookies:**
- Let's assume the cost of producing each cookie is \( C \) dollars.
- The total cost of producing 100 cookies is \( 100 \times C \).
2. **Desired profit margin:**
- Angie wants to make a profit of \( P \) dollars from selling the cookies.
- The total revenue from selling 100 cookies is \( 100 \times 1.10 \) dollars (since she can sell each cookie for \( \$ 1.10 \)).
3. **Equation for total revenue:**
- Total revenue = Total cost + Desired profit
- \( 100 \times 1.10 = 100 \times C + P \)
4. **Solving for \( C \) and \( P \):**
- We need more information to determine the exact values of \( C \) and \( P \). However, we can express the price per cookie in terms of \( C \) and \( P \).
5. **Price per cookie:**
- The price per cookie is \( 1.10 \) dollars, as given in the problem.
- Therefore, we can express the cost per cookie as \( C = 1.10 - P \).
6. **Final answer:**
- The price at which Angie should sell each cookie is \( 1.10 \) dollars.
Note: Without knowing the exact values of \( C \) and \( P \), we cannot determine the exact cost per cookie. However, we can express the price per cookie in terms of \( C \) and \( P \) as \( 1.10 - P \).
Quick Answer
The price per cookie should be \( \$1.10 \).
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