Question

A shoe distributor sells a particular pair of shoes to a store for $42.80. The store then sells this pair of shoes to a customer at a 35% markup. How much money does the store make from selling one pair of shoes to a customer?

Answer 1

$14.98

Explanation:

The store bought the pair of shoes for $42.80.

If the store sells the pair of shoes at a 35% markup, then it is selling it at:

(
`(35)/(100)` × 42.80 ) + 42.80 = 14.98 + 42.80 = $ 57.78

To calculate how much money the store is making from selling this pair of shoes:

57.78 - 42.80 = $14.98

The store would be making $14.98 for selling one pair of shoes to a customer.