A company purchased 10,000 pairs of men’s slacks for 18.96 per pair and marked them up 22.53. What was the selling price of each pair of slacks? Use the formula S = C + M.
Solution:-
In the given formula, C is the cost, M is the markup, and S is the selling price of each pair of slack.
So, we replace C in the formula with the number 18.96.
Replace M in the formula with number 22.53.
Write the formula . Substitute known values for C and M.
S = C + M
S = 18.92 + 22.53
Add to obtain the final answer.
S = 41.49
Therefore , the selling price of each pair of slacks is 41.49.