# SOLUTION: Please help me solve this question: Jim bought 20 pants for \$2,400 and marked them to sell at \$145 each. After selling 16 pieces at this rate, he decided to sell the remaining pant

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 Question 595137: Please help me solve this question: Jim bought 20 pants for \$2,400 and marked them to sell at \$145 each. After selling 16 pieces at this rate, he decided to sell the remaining pants at a lower price. At what price may he sell the remaining pants and still realize a profit of \$480 on the 20 pants?Answer by ankor@dixie-net.com(15657)   (Show Source): You can put this solution on YOUR website!Jim bought 20 pants for \$2,400 and marked them to sell at \$145 each. After selling 16 pieces at this rate, he decided to sell the remaining pants at a lower price. At what price may he sell the remaining pants and still realize a profit of \$480 on the 20 pants? : Let p = selling price on the remaining 4 pants : Total retail amt - cost = profit [16(145) + 4p] - 2400 = 480 2320 + 4p - 2400 = 480 4p - 80 = 480 4p = 480 + 80 4p = 560 p = 560/4 p = \$140