Leonard has purchased packages of grid paper for . If he wants to make a profit on each package he sells to his classmates, by how much should he increase the price? What will the new price be?
If Leonard wants to make a profit on each package, he needs to sell each package at of the original cost.
Since the new price is of the original cost, , how much is the increase and what would the new price be?
Increase: New Price:
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