Question

360 pairs of shoes, each pair sells for $58. found 1/9 of the pairs  to be defective and return them assuming each pair cost $26 what is the profit make assuming that all nondefective shoes were sold?

Answer 1

Number of defective shoes is 360/9=40. So 320 are not defective and will sell for 320×58=$18560.

Cost of producing all the shoes is 360×26=$9360.

The defective shoes had to be made but weren’t sold.

Therefore the profit is 18560-9360=$9200.