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14 February, 04:05

A store makes a profit of $24 after a markup of 30%. What is the selling price of the shoes? (Round to the nearest cent)

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  1. 14 February, 06:47
    0
    104

    Step-by-step explanation:

    selling price = original price + markup

    Profit = selling price - original price

    markup = original price * markup percent

    We notice the markup is the profit

    Substitute in what we know

    24 = original price *.30

    Divide each side by. 30

    24/.30 = original price *.30/.30

    80 = original price

    But we want the selling price

    selling price = original price + markup

    =80+24

    = 104
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