Question

The wholesale price for a pair of shoes is $5.50. A certain department store marks up the wholesale price by 70%. Find the price of the pair of shoes in the department store. Round to the nearest cent, as necessary.

Answer 1

To find the price of the pair in the department store, we just have to calculate 70% of the wholesale price and then add this value to the wholesale price.

The markup value is

`5.50*70\%=5.50*(70)/(100)=3.85`

Adding this value to the wholesale price, we have

`5.50+3.85=9.35`

The price of the pair in the department store is $9.35.