Question

A pair of basketball shoes was originally priced at $80, but was marked up 47.5%. What was the retail
price of the shoes?

Please explain your answer

Answer 1

47.5% in decimal form is 0.475.

Since the price was increased, we add 1 to 0.475 to get 1.475.

80 * 1.475 = 118

Another way to solve this is to multiply 80 by 0.475, which is 38, then add it to 80.

The retail price of the shoes is $118.