Question

A shoe store marks up its merchandise by 38%. What was the selling price of a pair of shoes whose wholesale price is $24.50?

Answer 1

SP = $33.81

Explanation:

Given that,

The wholesale price of a shoe = $24.50

A shoe store marks up its merchandise by 38%.

We need to find the selling price of a pair of shoes. It can be given by :

SP = wholesale price + 38% of wholesale price

`SP=24.5+38\%* 24.5\\\\=24.5+(38)/(100)* 24.5\\\\=\$33.81`

So, the selling price of a pair of shoes is $33.81.