the cost of a pair of shoes that sells for $63 is $45.
Given that, the selling price of a pair of shoes=$63 and a shoe store uses a 40% markup on cost.
We need to find the cost price of the pair of shoes.
What is the cost price?
Cost price is the total amount of money that it costs a manufacturer to produce a given product or provide a given service.
Let the cost price of a pair of shoes be x.
Now, x+40% of x=63
⇒x+0.40x=63
⇒1.40x=63
⇒x=63/1.40
⇒x=45
Therefore, the cost of a pair of shoes that sells for $63 is $45.
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