Mr. Perez owns a sneaker store. He bought 350 pairs of basketball sneakers and 150 pairs of soccer sneakers from the manufacturers for $62,500. He sold all the sneakers and made a 25% profit. If he sold the soccer sneakers for $130 per pair, how much did he charge for one pair of basketball sneakers?

Answer:Mr. Perez charges $167.5 for one pair of basketball sneakersStep-by-step explanation:HiAs Mr. Perez sold all the sneakers and made a 25% profit, this means that total income is [tex]\$ 62,500+25 \% =\$ 78,125[/tex].If he sold the soccer sneakers for $130 per pair and there were 150 pairs, this means that soccer sneakers  income is [tex]150*\$ 130=\$ 19,500[/tex]He sold the basketball sneakers for [tex]x[/tex] per pair and there were 350 pairs, this means that basketbal sneakers  income is [tex]350x[/tex]Using this info we can build an equation [tex]350x+\$ 19,500=\$ 78,125[/tex], clearing it for [tex]x[/tex], we have [tex]x=\frac{\$ 78,125-\$19,500}{350} =\frac{\$335}{2}=\$167.5[/tex]