Problem 950

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.

 

 

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