Question

Good Day Shoe Emporium bought children's shoes at 299.95 pesos a pair. At what price should the shoes be sold if the 30% mark on rate on the cost is imposed?

Answer 1

It is given that the shoes are bought at 299.95 pesos.

It is also given that a 30% mark on rate is imposed on the cost.

So the selling price is given by:

`299.95+(30)/(100)*299.95=389.935`

So the selling price should be 389.935 pesos.