What is the cost, profit, and selling price per pair of in-line skates given that a store has to pay $2,184 for 39 pairs and makes a profit of $936?
The problem is about calculating cost, profit, and selling price per pair of in-line skates. First, find the cost and profit per pair by dividing the total cost and total profit by 39. The selling price per pair is the sum of cost and profit per pair.
Calculating Cost, Profit, and Selling Price of In-line Skates
Cost per Pair: To calculate the cost per pair of in-line skates, divide the total cost of $2,184 by the number of pairs, which is 39. The equation would be $2,184 / 39 = $56 per pair.
Profit per Pair: To find the profit per pair, divide the total profit of $936 by the number of pairs, which is 39. The calculation would be $936 / 39 = $24 per pair.
Selling Price per Pair: To determine the selling price of each pair, add the cost per pair to the profit per pair. Therefore, the selling price per pair is $56 (cost) + $24 (profit) = $80.
In conclusion, the cost per pair of in-line skates is $56, the profit per pair is $24, and the selling price per pair is $80.