Respuesta :
Answer: The required selling price of the shoes to the nearest dollar is $103.
Step-by-step explanation: Given that a departmental store sells a pair of shoes with an 87% markup and the store bought the pair of shoes for $55.25.
We are to find the selling price of the pair of shoes.
The markup price of the shoes is given by
[tex]M.P.=87\%\times55.25=\dfrac{87}{100}\times55.25=48.07.[/tex]
Therefore, the selling price of the shoes is given by
[tex]S.P.=55.25+M.P.=55.25+48.07=103.32.[/tex]
Thus, the required selling price of the shoes to the nearest dollar is $103.
The selling price of the item is $103.3 dollars.
Data;
- Mark up percentage = 87%
- cost price = $55.25
Selling Price
The selling price of the shoes is the sum of the cost price and the mark up price.
mark up price is calculated as
[tex]mark up price = \frac{87}{100} = \frac{x}{55.25}\\ \\x = \frac{87*55.25}{100}\\ \\x = 48.067[/tex]
The b is $48.067
The selling price of the shoe is
[tex]55.25+48.0675=103.312[/tex]
The selling price of the item is $103.3 dollars.
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