Walmart buys shoes from a factory in China for $8.50. Walmart then marks up the price of the shoes by 65% to sell to their custo
mers. If the shoes aremarked up 65%, how much do they cost at Walmart? *
1 answer:
Answer
The shoes cost $14.03 at Walmart.
Explanation
The markup, the selling price and the cost price are all related through the relation
For this question,
Markup percent = 65%
Selling Price = x = ?
Cost Price = $8.50
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!!!
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