Question

Macy’s buys a pair of Cole Haan dress shoes wholesale for $90. If Macy’s marks up the price 20%, and tax is 9%, how much did Norman by the Cole Haan shoes from Macy’s for?

Answer 1

Answer

Find out the how much did Norman buy the Cole Haan shoes from Macy’s  .

To prove

As given

Macy’s buys a pair of Cole Haan dress shoes wholesale for $90.

If Macy’s marks up the price 20%, and tax is 9% .

20% is written in the decimal form

$= \frac{20}{100}$

= 0.20

Markup price = 0.20 × 90

                      = $18

9% is written in the decimal form

$= \frac{9}{100}$

= 0.09

Tax price = 0.09 × 90

                = $8.1

Thus

Norman buy the Cole Haan shoes from Macy’s = Price of the shoes + Tax price + Mark up price

                                                                               = 90 + 8.1 + 18

                                                                               = $ 116.1

Therefore  Norman by the Cole Haan shoes from Macy’s for $116.1 .