Answer
The shoes cost $14.03 at Walmart.
Explanation
The markup, the selling price and the cost price are all related through the relation
[tex]\text{Markup percent = }\frac{(Selling\text{ Price) - (Cost Price)}}{(Cost\text{ Price)}}\times100[/tex]For this question,
Markup percent = 65%
Selling Price = x = ?
Cost Price = $8.50
[tex]\begin{gathered} \text{Markup percent = }\frac{(Selling\text{ Price) - (Cost Price)}}{(Cost\text{ Price)}}\times100 \\ 65=\frac{x-8.5}{8.5}\times100 \\ \text{Divide both sides by 100} \\ 0.65=\frac{x-8.5}{8.5} \\ \text{Cross multiply} \end{gathered}[/tex]x - 8.5 = (0.65) (8.5)
x - 8.5 = 5.525
x = 8.5 + 5.525
x = $14.025
x = $14.03
Hope this Helps!!!
