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Problem of the Week
Problem B
Otters in a Happy Space

Happy Space toy store bought \(50\) plush toy otters for \(\$8.00\) each for resale. They also paid a \(\$30\) shipping fee.

They priced the toy otters at \(\$10.00\) each throughout December, after which they sold the remainder at a reduced sale price.

  1. If they sold \(30\) toy otters in December for \(\$10.00\) each, what must the reduced sale price per otter be in order that they break even on this item (that is, they have no net profit nor loss)?

  2. For each otter, what percentage of the \(\$10.00\) price is the savings from the reduced price?

Theme: Number Sense