Best Buy claims that 68% of people that walk into one of their stores end up not purchasing an item. To test this, they randomly
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Answer:
The cost store owner pay for the pair of jeans is <u>$42</u>.
Step-by-step 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
Sell price of jeans =
Now, to get the cost price of store owner pay for the pair of jeans:
<em>As given the</em><em> </em><em>store owner uses a selling price of 125% of the cost of an item.</em>
According to question:
<em>Dividing both sides by 1.25 we get:</em>
<em>The cost price of jeans = $42.</em>
Therefore, the cost store owner pay for the pair of jeans is $42.