Question

Gage bought 5 pairs of running shoes for $49 each.

He raised the price and sold the shoes for $65 each.
How much total profit did he make by selling all
five pairs of running shoes?

Answer 1

$80

Explanation:

His buying cost for 1 pair of shoes: $49

His selling price for 1 pair of shoes: $65

His profit on selling 1 pair of shoes: $65 - $49 = $16

His profit on selling 5 pairs of shoes: 5 × $16 = $80