Question

A company purchased​ 10,000 pairs of​ men's slacks for ​$19.36 per pair and marked them up $22.33 What was the selling price of each pair of​ slacks? Use the formula

Answer 1

$41.69

Explanation:

The computation of the selling price of the each pair of slacks is as follows:

Given that

Cost = $19.36 per pair

Markup = $22.33

As we know that

Markup = Sell Price - Cost

So,

Sell Price = Cost + Markup

= $19.36 + $22.33

= $41.69

Hence, the selling price is $41.69