document.write( "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? \n" ); document.write( "
Algebra.Com's Answer #377119 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! Jim bought 20 pants for $2,400 and marked them to sell at $145 each. \n" ); document.write( " After selling 16 pieces at this rate, he decided to sell the remaining pants at a lower price. \n" ); document.write( " At what price may he sell the remaining pants and still realize a profit of $480 on the 20 pants? \n" ); document.write( ": \n" ); document.write( "Let p = selling price on the remaining 4 pants \n" ); document.write( ":\r \n" ); document.write( "\n" ); document.write( "Total retail amt - cost = profit \n" ); document.write( "[16(145) + 4p] - 2400 = 480 \n" ); document.write( "2320 + 4p - 2400 = 480 \n" ); document.write( "4p - 80 = 480 \n" ); document.write( "4p = 480 + 80 \n" ); document.write( "4p = 560 \n" ); document.write( "p = 560/4 \n" ); document.write( "p = $140 \n" ); document.write( " \n" ); document.write( " |