Question

You buy a pair of jeans at a store, at a sale price of $100. the store paid $40 to its supplier for the pair of jeans. what is the net income for the store?

a. 100
b. 70
c. 60
d. 40

Answer 1

The net income for the store from the sale of jeans is the sale price ($100) minus the cost price ($40), resulting in a net income of $60. The correct option is c. 60

Step-by-step explanation:

The question at hand is about calculating the net income for the store from the sale of a pair of jeans. This can be determined by subtracting the cost paid by the store for the jeans from the sale price. The store bought the jeans for $40 and sold them for $100.

To calculate the net income, we use the formula:

Net Income = Sale Price - Cost Price

So, the net income for the store will be:

Net Income = $100 (Sale Price) - $40 (Cost Price) = $60

Therefore, the correct answer to the question of what the net income for the store is, when a pair of jeans is sold for $100 and purchased for $40, is $60.

The correct option is c. 60