Question

The wholesale price for a pair of shoes is $7.50. A certain department store marks up the wholesale price by 60%. Find the price of the pair of shoes in the department store. Round your answer to the nearest cent, as necessary.

Answer 1

Given:

Wholesale price for a pair of shoes is $7.50

$\text{The price of pair of shoes in the departmental store=7.50}+(7.50\times\frac{60}{100})$$\text{The price of pair of shoes in the departmental store=7.50}+4.50$$\text{The price of pair of shoes in the departmental store= \ 12}$