Question

It costs a shoe company $24.60 to produce one pair of running shoes. The company sells each pair of shoes for $82.43 in stores. If the company sells 370 pairs of running shoes in the month of March, what is the company's approximate profit from running shoes in March?

Answer 1

Answer:

Step-by-step explanation:

Cost for one pair of shoe=$24.60

Selling price of each pair=$82.43

Profit for each pair =selling price-cost of one pair

=82.43-24.60

=$57.83

In march, total production=370 pairs

Profit in march=total production in march×profit for each pair

=370×57.83

=21397.1

Therefore approximate profit from running shoes in march =$21397