Math Problem Statement

Digital Fingers Glovers bought 358 pairs of gloves at $26 per pair. 218 pairs were sold in the first month, at the regular price of $44 per pair. Another 47 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 $17.73. The store's overhead is 16% of cost. What was the total cost?

Solution

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Math Problem Analysis

Mathematical Concepts

Multiplication
Percentage
Cost Calculation

Formulas

Total Cost = Number of Items × Cost per Item
Overhead = Total Cost × Overhead Percentage

Theorems

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Suitable Grade Level

Grades 9-12