Question

a department store sells a pair of shoes with an 87% markup if the store bought the pair of shoes for $55.25 what is the selling price to nearest dollar

Answer 1

64 dollars. 55.25 divided by .87=63.5, round to nearest dollar and you get 64 dollars

Answer 2

Solution:

we are given with

A department store sells a pair of shoes with an 87% markup.

The store bought the pair of shoes for $55.25 .

So the price after 87% markup$=55.25+55.25*\frac{87}{100}$

This can be further simplified as below

$=55.25+55.25*0.87\\ \\ \ =55.25+48.0675\\ \\ \ =103.3175$