A company purchased 10,000 pairs of men's slacks for $19.36 per pair and marked them up $22.33 What was the selling price of
each pair of slacks? Use the formula
1 answer:
Answer:
$41.69
Step-by-step explanation:
The computation of the selling price of the each pair of slacks is as follows:
Given that
Cost = $19.36 per pair
Markup = $22.33
As we know that
Markup = Sell Price - Cost
So,
Sell Price = Cost + Markup
= $19.36 + $22.33
= $41.69
Hence, the selling price is $41.69
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