SOLUTION: The local clothing store marks up the price that it pays to the clothing manufacturer by 50%. If the selling price of a pair of jeans is $101, how much did the clothing store pa

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: The local clothing store marks up the price that it pays to the clothing manufacturer by 50%. If the selling price of a pair of jeans is $101, how much did the clothing store pa      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1126948: The local clothing store marks up the price that
it pays to the clothing manufacturer by 50%. If
the selling price of a pair of jeans is $101, how
much did the clothing store pay for the jeans?

Answer by MathLover1(20849) About Me  (Show Source):
You can put this solution on YOUR website!

Let clothing store pay for jeans=$x.
And he sells it with 50% profit.
So, x%2B0.50x=101
1.50x=101
x=101%2F1.50
x=67.33
Clothing store pay $67.33 for the jeans.