the art club spent $45 on supplies for valentines to sell during lunches. they made 60 valentines. what…

the art club spent $45 on supplies for valentines to sell during lunches. they made 60 valentines. what selling price for a valentine would result in a profit of zero if all the valentines are sold?\n$0.60\n$0.75\n$1.00\n$1.33

the art club spent $45 on supplies for valentines to sell during lunches. they made 60 valentines. what selling price for a valentine would result in a profit of zero if all the valentines are sold?\n$0.60\n$0.75\n$1.00\n$1.33

Answer

Explanation:

Step1: Recall profit - cost formula

Profit = Revenue - Cost. For profit to be zero, Revenue = Cost.

Step2: Calculate revenue per valentine

Cost is $45 and number of valentines is 60. Let the selling price per valentine be $x$. Revenue from selling 60 valentines is $60x$. Since Revenue = Cost, we have $60x=45$. Solving for $x$, we get $x = \frac{45}{60}=0.75$.

Answer:

B. $0.75$