Question

A store owner uses a selling price of 125% of the cost of an item. If a pair of jeans has a sales price of $52.50, what cost does the store owner pay for the pair of jeans?

Answer 1

The cost store owner pay for the pair of jeans is $42.

Explanation:

Given:

A store owner uses a selling price of 125% of the cost of an item.

If a pair of jeans has a sales price of $52.50.

Now, to find the cost price of the store owner pay for the pair of jeans.

Let the cost price of jeans be
`x.`

Sell price of jeans =
`\$52.50.`

Now, to get the cost price of store owner pay for the pair of jeans:

As given the store owner uses a selling price of 125% of the cost of an item.

According to question:

`125\%\ of\ x=52.50`

`(125)/(100) * x=52.50`

`1.25x=52.50`

Dividing both sides by 1.25 we get:

`x=42.`

The cost price of jeans = $42.

Therefore, the cost store owner pay for the pair of jeans is $42.