The cost of a pair of skis to a store owner was $600$600, and she sold the pair of skis for $960$960.Step 1 of 3 : What was her profit? Follow the problem-solving process and round your answer to the nearest hundredth if necessary.
Question
The cost of a pair of skis to a store owner was 600, and she sold the pair of skis for 960.Step 1 of 3 : What was her profit? Follow the problem-solving process and round your answer to the nearest hundredth if necessary.
Solution
Step 1: Understand the problem. The problem is asking for the profit made by the store owner.
Step 2: Identify what we know. We know that the cost of the skis to the store owner was 960.
Step 3: Solve the problem. The profit is calculated by subtracting the cost from the selling price. So, the profit is 600 = $360.
Therefore, the store owner made a profit of $360 on the pair of skis.
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