Question
Asked Mar 15, 2020
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A retailer bought several pairs of jeans for $75,000.He sold all but 30 pairs for $86,400 making a profit of $70 on each pair sold.How many pairs of jeans did the retailer buy?

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Expert Answer

Step 1

Let the number of pairs bought by the retailer be X numbers. The cost of jeans brought by the retailer is $75,000 whereas 30 pairs were sold for $86,400.it is also given that the profit that the individual made on each unit he sells is $70. Thus, the equation can be written as follows:

Economics homework question answer, step 1, image 1

Step 2

 

The quadratic equation we received above can be solved in order to calculate the number of pairs that the retailer bought. For this purpose, the value of a will be 70, b will be -13,500 and the value of c will be -2,250,000. The equation can be resolv...

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