Answer: The selling price of a pair of shoes is $26.46.
Step-by-step explanation:
Given : The wholesale price of a pair of shoes = $24.50
i.e. C.P. = $24.50
Mark up percent = 8% = 0.08 ( To convert a percentage into decimal we divide it by 100)
Formula : S.P. = (Mark up percentage ( in decimal)) x (C.P.)+ (C.P.)
i.e.
[tex]S.P.=(0.08) \times (24.50)+24.50\\\\\Rightarrow\ S.P.=(0.08+1)(24.50)\\\\\Rightarrow\ S.P.=(1.08)(24.50)\\\\\Rightarrow\ S.P.=26.46[/tex]
Hence, the selling price of a pair of shoes is $26.46.
