Question

A retail store sells two types of shoes, sneakers and sandals. The store owner pays $8 for the sneakers and $14 for the sandals. The sneakers can be sold for $10 and the sandals can be sold for $17. The owner of the store estimates that she won't sell more than 200 shoes each month, and doesn't plan to invest more that $2,000 on inventory of the shoes. Let x= the number of sneakers in stock, and y=the number of sandals in stock. Write an equation to show the profit she will make on sneakers and sandals. P = [answer0]

Answer 1

The equation that shows the profit: P = 2x + 3y

Explanation:

The number of sneaker = x

The number of sandals = y

Cost of sneaker = 8 dollars.

Cost of sandals = 14 dollars.

Selling price of sneaker = $10

Selling price of sandals = $17

Total revenue = $10x + $17y

Total cost = $8x + $14y

Profit (P) = Total revenue - Total cost.

Profit = ($10x + $17y) – ($8x + $14y)

P = 10x +17y – 8x – 14y

P = 2x + 3y