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A shoe store uses a markup rate 40% when determining the retail price of its items. If the store pays $42.25 for a pair of shoes wholesale, what will be the retail price of that pair of shoes?
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A shoe store uses a markup rate 40% when determining the retail price of its items. If the store pays $42.25 for a pair of shoes wholesale, what will be the retail price of that pair of shoes?

User Robert Jones
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5.6k points

1 Answer

3 votes
$59.15

42.25 x .4 = 16.90
42.25 + 16.90 = 59.15
User Peter Gerdes
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6.2k points
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