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6 August, 06:47

Because of an increase of 4% in wholesale prices, a shoe store had to mark up its new stock by the same percent. What was the new price of a pair of shoes that had sold for $25.

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  1. 6 August, 09:23
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    Answer:the new price of the shoe is $5

    Step-by-step explanation:

    The price at which the shoe has been selling is $25.

    Because of an increase of 4% in wholesale prices, a shoe store had to mark up its new stock by the same percent. The value of the 4% increase on the initial price of the shoe is

    4/100 * 25 = 0.04 * 25 = $1

    Therefore, the new price of the shoe would be

    4 + 1 = $5
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