The cost of a report is $0.934.
Given,
To produce 500 copies of a report required the following expenses costs:
- $25 supplies
- $550 total cost
- $48 equipment expenses
We need to find the cost per report.
We have,
Supplies cost + equipment cost + cost of 500 copies of report = $550
$25 + $48 + cost of 500 copies of report = $550
cost of 500 copies of report = $550 - $35 - $48
cost of 500 copies of reports = $467
We have,
500 copies of report = $467
Dividing both sides by 500
1 copy of report = $467/500 = $0.934
Thus the cost of one report is $0.934.
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