To determine how much money Merlin made last month and how much each black beard costs, we start from the inequality provided:
\[ 20B + 25R > 350 \]
This inequality represents the total money Merlin wants to make this month (that is more than $350) from selling black beards (costing $20 each) and red beards (costing $25 each).
Given the inequality, it can be interpreted as follows:
- The term \(20B\) indicates the total money made from black beards, where \(B\) is the number of black beards sold and each costs $20.
- The term \(25R\) indicates the total money made from red beards, where \(R\) is the number of red beards sold and each costs $25.
- The total amount \(20B + 25R\) must be greater than $350 for Merlin to have made more money this month than last.
From the inequality, we can conclude that Merlin made $350 last month since the current condition is that he wants to exceed this amount.
Next, the cost of a black beard is explicitly given in the inequality as $20.
Thus, we have:
Merlin made \[ \text{$350} \] last month, and each black beard costs \[ \text{$20}. \]