Math Problem Statement

Digital Fingers Glovers bought 351 pairs of gloves at $34 per pair. 214 pairs were sold in the first month, at the regular price of $53 per pair. Another 51 pairs were sold in the second month at a "one-third-off" the regular selling price. The remaining gloves were cleared out in the third month at $20.96. The store's overhead is 18% of cost.

a. What was the total cost?

Solution

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Math Problem Analysis

Mathematical Concepts

Arithmetic
Profit and Loss
Overhead Calculation

Formulas

Total Cost = Number of Pairs Purchased × Cost per Pair
Total Overhead = Overhead Percentage × Total Cost

Theorems

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Suitable Grade Level

Grades 7-9