Question

A shoe store buys a shipment of nike shoes that cost $70 each to the purchases. They want to markup their prices for the customers by 30%. How much would the customer pay for a pair of nikes

Answer 1

Given :

A shoe store buys a shipment of Nike shoes that cost $70 each to the purchases.

They want to markup their prices for the customers by 30%.

To Find :

How much would the customer pay for a pair of Nikes.

Solution :

C.P = $70 .

It is given that selling price is 30% more than the S.P.

So, S.P = C.P + C.P×0.30

S.P = C.P×1.30

S.P = 70×1.30

S.P = $91.

Therefore, the customer would pay $91 for a pair.