Question

A shoe store buys shoes from a factory and then marks them up by 40% to make a profit. The store paid $85,00 for a carse shoes.

Model the cost of the shoes after the markup is added with a numerical expression. ____

Answer 1

The cost of the shoes after the markup is added is $119,00.

Step-by-step explanation:

To model the cost of the shoes after the markup is added, we can use the formula:

Cost after markup = Cost before markup + (Markup percentage × Cost before markup)

Let's plug in the values:

Cost before markup = $85,00

Markup percentage = 40%

Cost after markup = $85,00 + (40% × $85,00)

Simplifying the expression, we get:

Cost after markup = $85,00 + ($34,000)

Cost after markup = $119,00

Therefore, the cost of the shoes after the markup is added is $119,00.