Question

A shoe store uses a 40% markup for all of the shoes it sells. What would be the selling price of a

pair of shoes that has a wholesale cost of $67?

Answer 1

......................................................................................

Answer 2

$93.8

Explanation:

(*markup is an increase in price)

67 + ( 40% × 67 )

= 67 + ( 40/100 × 67/1 )

= 67 + 26.8

= 93.8