Question

George has purchased some shoes for $55 per pair. George wants to make a $60 profit on his shoes. What is the selling price for George's shoes?

Answer 1

cost price of the shoes is CP = 55 $

Profit is P = 60$

so, selling price of the shoes would be ,

SP = CP + Profit

SP = 55 + 60

SP = 115 $

thus, the selling price of the shoes is 115 $