SOLUTION: If a store sold 25 pairs of socks, making a 25% profit of $150, how much did they charge for each pair?

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Question 1089432: If a store sold 25 pairs of socks, making a 25% profit of $150, how much did they charge for each pair?
Found 2 solutions by Theo, MathTherapy:
Answer by Theo(13342) (Show Source):
You can put this solution on YOUR website!
p = .25 * s

p = profit
s = sale price.

you are given that p = 150, therefore:

150 = .25 * s

solve for s to get s = 150 / .25 = 600

600 / 25 = 24 dollars per pair.

the sale price per pair was 25 dollars.

Answer by MathTherapy(10551) (Show Source):
You can put this solution on YOUR website!

If a store sold 25 pairs of socks, making a 25% profit of $150, how much did they charge for each pair?

Cost of 25 pairs:
Selling price of 25 pairs:
Each pair was sold for: