A shoe store buys a pair of boots from a supplier for $45. The store's manager decides on a markup of 35%. What is the new price
of the boots?
1 answer:
Answer:
The new price of the books = $60.75
Step-by-step explanation:
- As the original price is: $45
As the markup is: 35% = 35/100 = 0.35
The Markup on the original price is:
0.35 × 45 = $15.75
Hence, the new price of the boots:
$45 + $15.75 = $60.75
Therefore, the new price of the books = $60.75
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