Mr. Roberts had $9,512 in savings. He saved another $488. He then used all his money to buy 500 books. He sold the books for $35 each. How much did Mr. Roberts earn from selling each book? a. Mr. Roberts earned $ from selling each book. b. Travis got $20 as the answer or the amount Mr. Roberts earned from selling each book. Is his answer correct? yes no c. Tell why Travis is or is not correct.

a. Profit from each book = $15

b. No, Travis was wrong.

c. Travis isn't correct because Mr. Roberts made $15 from the sales of each book.

Step-by-step explanation:

Given the following data;

Number of books bought = 500

Selling price = $35

Robert savings (cost price) = $9,512 + $488

Robert savings (cost price) = $10,000

Purchasing price = $10,000/500 = $20

Revenues from book sold = 500 * 35 = $17,500

Total profit = Revenues - Cost price

Total profit = $17,500 - $10,000

Total profit = $7,500

To find the amount earned from each book;

Substituting into the equation, we have;

Profit from each book = $15

Therefore, Mr. Roberts earned $15 from selling each book.

Check:

Selling price = purchasing price + profit = $20 + $15 = $35

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