If the wholesale price of a pair of shoes is $32.00, and the markup is 55%, find the selling price of the item.

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Nlern asked Mar 28, 2022

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If the wholesale price of a pair of shoes is $32.00, and the markup is 55%, find the selling price of the item.

Mathematics
high-school

Nlern asked Mar 28, 2022

by Nlern

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Answer:

$49.6

Explanation:

Given that :

Wholesale price, p = $32

Markup percentage = 55%

Selling price = wholesale price * ( 1 + Markup percentage)

Selling price = $32(1 + 0.55)

Selling price = $32(1.55)

Selling price = $49.6

Elinaldo Monteiro answered Apr 2, 2022

by Elinaldo Monteiro

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