The cost in dollars and cents for each pair of socks is $4.99
The first step is to determine the total cost of the three pairs of socks
Total cost of the socks bought = amount paid - change received
$20 - $5.03 = $14.97
The second step is to determine the cost of each pair of socks
Cost of each pair of socks = total cost of socks / pairs bought
$14.97 / 3 = $4.99
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