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Cost of shoes $29.95 Markup: 20% What is the new cost?
73.0k views
23 votes
Cost of shoes $29.95
Markup: 20%
What is the new cost?

User Phil Swenson
by
4.3k points

2 Answers

7 votes
I think the answer is 35.94
User Kelz
by
4.2k points
5 votes

New cost = original price x (1 + markup)

New cost = 29.95 x ( 1 + 0.20)

New cost = $35.94

User Krakig
by
4.0k points
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