At a pet store, there are 5 dogs and 3 cats. Each dog costs $150, and each cat costs $80. How much money would it cost to buy all the dogs and all the cats in the store?
To find the total cost, we can use the formula:
$$ ext{Total Cost} = ( ext{Number of Dogs} imes ext{Cost per Dog}) + ( ext{Number of Cats} imes ext{Cost per Cat}) $$