Problem:
A company purchased 10,000 pairs of men's slacks for $18.86 per pair and marked them up $22.63. What was the selling price of each pair of slacks? Use the formula S=C+M.
Solution:
Cost = $18.86
Markup = $22.63
Markup = Sell Price - Cost
Sell Price = Cost + Markup
Sell Price = 18.86+ 22.63
Sell Price = $41.49
The selling price of each pair of slacks was $41.49.
