Runyon Co Sells T-Shirts ($4) and Shorts ($5)

question 45

Essay

Runyon Co. sells T-shirts ($4) and shorts ($5). If total sales were $850 and people bought 3 times as many T-shirts as shorts, what would be the number of T-shirts and shorts sold?
A. 150 T-shirts
B. 50 shorts

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Definitions:

Agency Relationships

A relationship in which one party (the agent) agrees to act for another party (the principal) in a business transaction.

Ratification

The act of giving formal consent or approval to something, making it officially valid, typically in the context of contracts or agreements.

Agency Relationship

A legal and consensual arrangement where one party, the agent, acts on behalf of another, the principal, in dealings with third parties.

Intent

The purpose or mindset with which an individual acts, significant in both criminal and civil law to determine culpability or liability.