Question

A department store sells a pair of shoes with an 87% markup. If the store sells the shoes for $193.21, then what is their non-markup price?

Answer 1

The non-markup price of the shoes, which are sold for $193.21 with an 87% markup, is calculated to be roughly $103.32.

Step-by-step explanation:

The question asks for the calculation of the non-markup price of a pair of shoes that are sold with an 87% markup. To determine the non-markup price, we first need to recognize that the final price represents 187% of the non-markup price (100% + 87% markup). The calculation to determine the non-markup price is as follows:

Let x be the non-markup price. Then, x + 0.87x = $193.21.

Combining like terms, we get:

1.87x = $193.21

Divide both sides by 1.87:

x = $193.21 ÷ 1.87

x ≈ $103.32

Therefore, the non-markup price of the shoes is approximately $103.32.