Question

a shoe store marks up its mechandise by 8% what was the selling price of a pair of shoes whose wholesale price $24.50

Answer 1

Answer= 26.46
You take 24.50 and multiply it by 8% or .08 than add the 1.96 to the wholesale price.

Answer 2

Related Concepts

• Percentage word problems

Solving the Question

We're given:

• Original price: $24.50
• Increased by: 8%

If the new price of the shoes were to increase by 8%, we must multiply it by 108% to determine its new price:

`24.50*1.08\\=26.46`

Answer

The selling price of the shoes are $26.46.