Answer to Question #169268 in Financial Math for Mohammed Tawfiq Iddrisu

Question

During the annual black friday sale, the OLX sold a pair of ski boots regularly priced at $245.00, at a discount of 40% . The boots cost $96.00 and expenses are 26% of regular selling price. For how much were the ski boots sold?

Answer 1

Regular Price of boots =$245

Discount rate =40%

Costs of boots=$96

Total expenses=26% of regulat selling prices=$\dfrac{26}{100}\times 245=63.70$

Selling price of Boots = $245-\dfrac{40}{100}(245)=245-98=147$

Price of boots= $147+63.70=210$

Hence sold price of boots is $210.