Question

3. A shoe store marks up its merchandise by 8%. What was the selling price of a pair of shoes whose

wholesale price is $24.50?

(Show The Work)

Answer 1

The selling price of the shoes is $26.46.

Explanation:

Given the following question:

8% of 24.50

To find the answer we will use the formula to calculate percentages, we multiply the percentage by the cost, then we divide that answer by 100. Finally, we add that answer to the original costs of the shoes to have our answer.

`(p~x~n)/(100)`

`(8~x~24.50)/(100)`

8 × 24.50 = 196

196 ÷ 100 = 1.96

8 of 24.50 is 1.96

Now Add

`24.50+1.96=24.46`

The selling price of the shoes are $26.46.

~Hope this helps

~If you have any questions please ask.