Answer :
Final answer:
The selling price of the boots after a 55% markup on the cost price of $60 is $93
Explanation:
The original question is asking for the selling price of boots when given the cost price and a 55% markup.
To calculate the selling price, we use the formula: Selling Price = Cost Price + (Markup Percentage × Cost Price)
In this case, if the Shoe Outlet bought the boots for $60 and wants a 55% markup, the calculation would be:
Selling Price = $60 + (0.55 × $60)
Selling Price = $60 + $33
Selling Price = $93
Therefore, the selling price of the boots would be $93.
The selling price of the boots is $93.
Given information:
The Shoe Outlet purchased the boots for $60 and increased their price by 55%
To calculate the selling price of the boots with a 55% mark-up, to add 55% of the original cost to the original cost.
Calculate the mark-up amount as follows:
Mark-up = 55% of $60
Mark-up = 0.55 * $60
Mark-up = $33
Add the mark-up to the original cost to find the selling price as follows:
Selling Price = Original Cost + Mark-up
Selling Price = $60 + $33
Selling Price = $93
So, the selling price of the boots is $93.
Learn more about Selling price here:
https://brainly.com/question/27796445
#SPJ3
