Question

If the wholesale price of a pair of shoes is $32.00, and the markup is 55%, find the selling price of the item.

Answer 1

$49.6

Explanation:

Given that :

Wholesale price, p = $32

Markup percentage = 55%

Selling price = wholesale price * ( 1 + Markup percentage)

Selling price = $32(1 + 0.55)

Selling price = $32(1.55)

Selling price = $49.6