Question

A retailer buys pairs of shoes for $45.50 each. He marks up all his merchandise 25%. How much will he sell the shoes for? (Round to the nearest cent.) $36.40 $47.99 $56.87 $56.88

Answer 1

56.88

Explanation:

2 ways to do this

45.50 x 25% = 11.375

45.50 + 11.375 = 56.875

and that rounds to 56.88

for option 2 I recommend a calculater

45.50 + 25% = 56.875

56.88