Question

A shoe store buys a of boots from a supplier for $119. The stores manager decides on markup of 35%. What is the retail price of the boots?

Answer 1

Answer: The retail price of the boots = $232.05

Explanation:

Given: The cost price of boots for shoe store= $119

Also if the stores manager decides on markup of 35%.

Then the retail price of the boots is given by:-

`Retail\ price=Cost\ price+35\%\ of\ Cost\ price`

`Retail\ price=\$119+35\%\ of\ \$119\\=\$119+0.35*119\\=\$119+\$113.05\\=\$232.05`

Hence, the retail price of the boots = $232.05