Question

A department store sells a pair of shoes with an 87% markup. If the store sells the shoes for $193.21 then what is their non-markup price?

Answer 1

87% + 100% = 187%

187% of original price = $193.21

100% of original price = $193.21 * (100/187) = $103.32.

The non-markup price is $103.32.

Explanation:

Answer 2

Explanation:

87% + 100% = 187%

187% of original price = $193.21

100% of original price = $193.21 * (100/187) = $103.32.

The non-markup price is $103.32.