Question

jack shoe store buys 50 pairs of shoes at R175 per pair. They would to make an overall profit of 7 500 on the deal. What must the price of each pair of shoes be?​

Answer 1

R325

Explanation:

Cost to buy shoes (x)

x = 175 * 50

x = 8750

At this point they've lost R8750 (-8750)

7500 = -8750 + 16250

To make an overall profit of R7500 they would need to sell the shoes at

16250 / 50 = R325