High School

The Shoe Outlet bought boots for $60 and marks up the boots by 55% on the selling price. What is the selling price of the boots?

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