Question

A pair of Basketball shoes was originally priced at $80, but was marked up 37.5%.What was the retail price of the shoes

Answer 1

Hello! When it comes to mark up, you would add 1 to the percentage in decimal form, because the price is going up. After you do that, you multiply that number by the original price. In this case, 37.5% is 0.375 in decimal form. 1 + 0.375 is 1.375. 80 * 1.375 is 110. There. The retail price of the shoes is $110.

Answer 2

Answer: $110

Explanation:

Given : A pair of Basketball shoes was originally priced at $80.

i.e. Original price of Basketball shoes = $80

Also , he marked up 37.5%.= 0.375 [∵ To convert percent to decimal we divide it by 100.]

Now the Mark up price = Markup percent x Original price

`=0.375*\$80=\$30`

Now, the Retail price = Original price 9 Mark up price

= $80+$30=$110

Therefore , the retail price of the shoes =$110