Question

Question 3 1 pts A department store sells a pair of shoes with an 87% markup. If the store bought the pair of shoes for $55.25, what is the selling price to the nearest dollar? $87 $103 o $142 $187 Previous Next >

Answer 1

Let:

P = Price of the shoes = 55.25

B = Markup = 0.87

S = Selling price

so:

$\begin{gathered} S=P+B\cdot P \\ S=55.25+0.87\cdot55.25 \\ S=55.25+48.0675 \\ S=103.3175\approx103 \end{gathered}$

Answer:

$103