Question

A department store sells a pair of shoes with a 68% markup. If the store bought the pair of shoes for $38.50, what is the selling price to the nearest dollar?

A) $65
B) $52
C) $46
D) $40.

Answer 1

The selling price of the pair of shoes is A) $65.

Step-by-step explanation:

To find the selling price, we need to add the markup to the cost price. The markup is 68% of the cost price, which is $38.50. To calculate the markup, we multiply the cost price by the markup percentage:

Markup = 68% x $38.50 = $26.18

Then, we add the markup to the cost price to find the selling price:

Selling price = Cost price + Markup = $38.50 + $26.18 = $64.68

The selling price to the nearest dollar is $65, which corresponds to option A.