Question

A footwear store purchases pairs of sneakers at a wholesale price of $4.5 each and sells them at a retail price that is 250% of the wholesale price. At the end of the season, any leftover sneakers are discounted at 60% off the retail price. What is the discounted price of each remaining pair of sneakers, in dollars?

Answer 1

Wholesale price = $4.50.
Retail = 250% of wholesale = 2.5 × 4.50 = $11.25.
Discounted price = 40% of retail = 0.4 × 11.25 = $4.50.

So the discounted price is $4.50 per pair.