You are buying shoes for an athletic store. They cost $32 per pair of shoes. The company decides Mark Up the shoes by 75%. What is the selling price for shoes in the athletic store?
A. $56.00
B. $40.00
C. $45.00
D. $24.00
E. $8.00

Respuesta :

Answer:

  A.  $56

Step-by-step explanation:

The markup is added to the cost price to find the selling price.

Markup

The markup is 75% of the cost price:

  markup = 75% × $32 = $24

Selling price

The selling price is the cost price plus the markup:

  selling price = cost + markup

  selling price = $32 +24 = $56

The selling price of shoes in the athletic store is $56 per pair.

The selling price for shoes in the athletic store with 75% mark up is [tex]\$56[/tex]

Selling price of the item is sum of Markup and cost price.

The cost of shoes is [tex]\$32[/tex]. The company decides Markup by [tex]75\%[/tex] of cost price.

Find Markup value.

Markup = [tex]\frac{75}{100}\times 32[/tex]

Markup = [tex]\$24[/tex]

Find selling price.

Selling price = Markup + Cost price

Selling price = [tex]24+32[/tex]

Selling price = [tex]\$56[/tex]

The selling price for the shoes in the athletic store is [tex]\$56[/tex].

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