To find out how much was received for selling the mentioned item, we can follow these steps:
1. Calculate how much was contributed to the school construction fund during the first month: $1,000.00
2. Determine how many $150 portions were sold to contribute $1,000.00.
3. Divide the total contribution by the amount contributed per $150 portion to find out how many $150 portions were sold.
4. Multiply the number of $150 portions sold by $150 to get the total amount received for selling the mentioned item.
Let's go through the calculations step by step:
1. $1,000.00 was the contribution for the first month.
2. Each $150 sale contributes $3.00.
3. Divide $1,000.00 by $3.00 to find out how many $150 portions were sold.
4. The result will give the number of $150 portions sold.
5. Multiply the number of $150 portions by $150 to find the total amount received for selling the mentioned item.
