Macy’s buys a pair of Cole Haan dress shoes wholesale for $90. If Macy’s marks up the price 20%, and tax is 9%, how much did Nor man by the Cole Haan shoes from Macy’s for?
1 answer:
Answer:
Norman bought the shoes for $117.72
Step-by-step explanation:
In order to find the answer to this question, start by multiplying the cost by the markup.
$90 * 20% = $18.
Now we add the $18 to the original price.
$90 + $18 = $108
Now that we have the mark up price, we need to do the same using the tax.
$108 * 9% = $9.72
Finally, we add that to the previous total.
$108 + $9.72 = $117.72
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