The school soccer team is selling chips to fundraise for new jerseys. If they charge $2.50 per bag of chips, how many bags would they need to sell in order to raise $1,000.00?(1 point) Responses 40 bags 40 bags 500 bags 500 bags $400.00 $400.00 400 bags

To find out how many bags of chips the school soccer team needs to sell to raise $1,000.00, you can use the following formula:

\[ \text{Number of bags} = \frac{\text{Total amount to raise}}{\text{Price per bag}} \]

Plugging in the numbers:

\[ \text{Number of bags} = \frac{1000.00}{2.50} = 400 \]

So, the team would need to sell 400 bags of chips.