Fiona Wants to Sell a Local Advertising Calendar

Multiple Choice

Fiona wants to sell a local advertising calendar. There are 1,000 households in her community, and she estimates that 30 percent will buy a calendar. The printing company will charge a $100 setup fee, and calendars will cost $4.00 each to print. What price will she need to charge to cover all costs and make a $500 profit?

A) $6.00
B) $7.00
C) $8.00
D) $9.00
E) $10.00