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
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