A company purchased 10,000 pairs of men’s slacks for 19.26 per pair and marked them up $22.73. What was the selling price of each pair of slacks? Use the formula S=C+M
What don't you understand about this problem?
I don't know which numbers go where.
S = Selling price
C = Cost
M = Markup
Thank you.
You're welcome.
s=184,600 c = 215,300 m= 30,700
To find the selling price of each pair of slacks, we'll use the formula S = C + M, where S is the selling price, C is the cost price, and M is the markup.
In this case, the company purchased 10,000 pairs of men's slacks for $19.26 per pair. So, the cost price (C) for each pair of slacks is $19.26.
The company also marked up the slacks by $22.73. Therefore, the markup (M) is $22.73.
Now, let's substitute the values into the formula:
S = C + M
S = $19.26 + $22.73
Adding the two values together:
S = $42.99
Therefore, the selling price of each pair of slacks is $42.99.