Question

A shoe store has a markup rate of 45% and is selling pairs of shoes for $125 how much money did the store pay for the wholesale price of the shoes

Answer 1

9514 1404 393

Answer:

$86.21

Explanation:

The selling price of the shoes ($125) is the sum of the wholesale price and the markup on that price:

selling price = wholesale price + 0.45 × wholesale price

125 = p + 0.45p = 1.45p

p = 125/1.45 ≈ 86.21

The wholesale price of the shoes is about $86.21.