Pairs of shoes are manufactured for $24. They are sold to a warehouse with a mark-up of 15%. The warehouse sells the shoes to a
distributor after charging a holding fee of $10 per pair. The distributor sells them to ‘Fine Shoes’ for a percentage profit of 12%. The store then marks them up by 30%. a. Determine the price of a pair of shoes if you buy it from one of the ‘Fine Shoes’ stores (round to the nearest 5 cents). Show working out.
