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The wholesale price for a pair of shoes is $5.50. A certain department store marks up the wholesale price by 70%. Find the price of the pair of shoes in the department store. Round to the nearest cent, as necessary.

Respuesta :

To find the price of the pair in the department store, we just have to calculate 70% of the wholesale price and then add this value to the wholesale price.

The markup value is

[tex]5.50\times70\%=5.50\times\frac{70}{100}=3.85[/tex]

Adding this value to the wholesale price, we have

[tex]5.50+3.85=9.35[/tex]

The price of the pair in the department store is $9.35.

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