Question

To make a profit, a clothing store sells jeans at 115% the amount they paid for them. How much did the store pay for the jeans shown?

Answer 1

Answer:

The store paid 6.67 times the profit made on the jeans

Step-by-step explanation:

Let the amount the clothing store pay for Jean be X

Let the amount the clothing store sells Jean be Y = X ×1.15

The profit (P) made is the difference between amount the clothing store sells Jean and the amount paid for Jean = Y - X = 1.15X - X

Profit (P)  = 0.15X

X =  P/0.15 = 6.67P

Therefore, the store paid 6.67 times the profit made on the jeans