Question

Macy’s buys a pair of Cole Haan dress shoes wholesale for $90. If Macy’s marks up the price 20%, and tax is 9%, how much did Norman by the Cole Haan shoes from Macy’s for?

Answer 1

Norman bought the shoes for $117.72

Explanation:

In order to find the answer to this question, start by multiplying the cost by the markup.

$90 * 20% = $18.

Now we add the $18 to the original price.

$90 + $18 = $108

Now that we have the mark up price, we need to do the same using the tax.

$108 * 9% = $9.72

Finally, we add that to the previous total.

$108 + $9.72 = $117.72