Question

A company purchased 10,000 pairs of men's slacks for $18.66 per pair and marked them up $23.33. What was the selling price of each pair of slacks? Use the formula S = C + M. The selling price of each pairs of slacks is ?

Answer 1

In the given formula

$S=C+M,$

C is the cost, M is the markup, and S is the selling price of each pair of slack.

According to the statement we have:

• C = cost = $18.66,

,

• M = markup = $23.33.

Replacing these values in the formula of S, the selling price, we get:

S = $18.66 + $23.33 = $41.99.

Answer

The selling price of each pair of slacks is $41.99.