The cost price of 1 jacket is $23.25 and the cost price of 3 jackets is $69.75.
Cost price is the total amount of money to produce a given product or provide a given service.
Given cost prices for jackets are,
Jackets Cost Price
2 46.5
5 116. 25
7 162. 75
We need to calculate the cost price of 3 jackets. First, we need to find out the cost price of one jacket.
[tex]2 \; \rm Jackets =\$ 46.50[/tex]
[tex]1 \;\rm Jacket = \dfrac {\$46.50}{2}[/tex]
[tex]1 \;\rm Jacket = \$ 23.25[/tex]
Now the cost price of 3 jackets is given as,
[tex]3\;\rm Jackets = \$23.25 \times 3[/tex]
[tex]3\;\rm Jackets = \$69.75[/tex]
Hence we can conclude that the cost price of 3 jackets is $69.75.
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