Question

A shoe store marks up its merchandise by 8%. What was the selling price of a pair of shoes whosewholesale price is $24.50?

Answer 1

Given the following question:

8% of 24.50

To find the answer we will use the formula to calculate percentages, we multiply the percentage by the cost, then we divide that answer by 100. Finally we add that answer to the orginal costs of the shoes to have our answer.

`\begin{gathered} (p* n)/(100) \\ (8*24.50)/(100) \\ 8*24.50=196 \\ 196/100=1.96 \\ 8\text{ of 24.50 is 1.96} \\ \text{Now add} \\ 24.50+1.96=26.46 \\ =26.46 \end{gathered}`

The selling price of the shoes are $26.46.