Question

A shoe store buys a pair of boots from a supplier for $45. The store's manager decides on a markup of 35%. What is the new price of the boots?

Answer 1

The new price of the books = $60.75

Explanation:

• As the original price is: $45

As the markup is: 35% = 35/100 = 0.35

The Markup on the original price is:

0.35 × 45 = $15.75

Hence, the new price of the boots:

$45 + $15.75 = $60.75

Therefore, the new price of the books = $60.75