Question

Wayward Shoes spends $13 making each pair of its slip-on sneakers. Last week, they sold 95 pairs of these sneakers for $45 each. How much profit did Wayward Shoes make last week?

Answer 1

Answer: Wayward shoes made $3,040 as profit last week

Explanation:

Cost price for 95 pairs of sneakers = Cost of making a pair x Number of sneakers =$13 x 95=$1,235

Selling price of 95 pairs of sneakers = Cost of selling a pair x Number of sneakers = $45 x 95=$4,275

Profit = Selling Price- Cost Price

= $4,275 - $1,235

=$3,040

Answer 2

.

$3040

Explanation:

Cost of production of these slip ons = 13 dollars

Sales price of slip ons = 45 dollars

Number of slip ons sold = 95

To get profit, subtract cost price from sales price price, and multiply by number sold.

Mathematically,

(45-13) x 95

= 32x95

= $3040

Wayward shoes made a profit of $3040