Acme Track Incorporated received 360 pairs of Nike running shoes. Each pair sells for $58. Acme found 1/9 of the pairs to be defective and returned them. Assuming each pair cost Acme $26, what profit did Acme make assuming all non-defective sneakers were sold? (profit = sales - cost)

Question

Quizplus · Accepted Answer

Find the difference between the sale price and the cost [$32]. Divide 360 by 9 to get 40 and subtract the 40 pairs of defective shoes from the 360. Take this value of 320 and multiply it by $32 to get the answer. [This is the same as squaring 32 and attaching a zero!]

Acme Track Incorporated Received 360 Pairs of Nike Running Shoes