Question

A shoe store costs $1800 dollars a month to operate. The average wholesale cost of each pair of shoes is $25, and the average price of each pair of shoes is $65. How many pairs of shoes must the store sell each month to break even?

Answer 1

The store has to sell `45` pairs of shoes.

Explanation:

The store has a base cost of `$1800`, the cost per pair of shoes is `$25`. Each pair of shoes is sold for `$65`, therefore the profit per pair of shoes is

`$65 - $25 = $40`

The formula for calculating the amount that needs to be sold would look like this;

`40x = 1800`

To determine the value of `x`, we take this formula;

`x = 1800 / 40`

`x = 45`

Therefore, the store needs to sell `45` pairs of shoes to break even.