An art supply store allows customers to fill a box with 8 colored pencils for $3. They have a total of 696 colored pencils in stock. Each box of colored pencils costs the store $1 to buy from the pencil factory. How much money will the art supply store make, after paying the pencil company, if they sell all of the pencils in boxes of 8 pencils? Please help this is actually 5th G also what r the steps

Respuesta :

8 Colored pencils costs $3.  They have a total of 696.  Each one cost the store $1 to buy.

Revenue - Costs = Profit

Step 1: 696/8 = 87 (Total amount of boxes sold)
Step 2: 87 x $3 = 261 (Total $ after selling)
Step 3: 87 x $1 = 87 (Cost to order from pencil factory)
Step 4: 261 - 87 = 174

So the Store's total profit is $174 after paying the Pencil Company.

Hope this helped you!
-IamAHotShot