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A shoe store uses a 60% markup for all the shoes it sells. What would be the selling price of a pair of shoes that has a wholesale cost of $53? (Round to the nearest cent as needed.)

A shoe store uses a 60% markup for all the shoes it sells. What would be the selling-example-1
User Slatvick
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1 Answer

2 votes

Answer:

Selling price = $84.80

Explanation:

Multiply the cost by 1 + the mark up percentage.

53 x 1.60 = 84.80

Selling price = $84.80

User HamiltonUlmer
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