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

Answer :

If the markup is of the 55%, then the selling price will be the 155% of the original price, this means that the selling price is:

S = $93.

What is the selling price of the boots?

If the original price is P, and the markup is given by a percentage X, then the selling price of the product will be:

S = P*(1 + X/100%).

In this case, the original price is $60 and the mark up is of 55%, then we have:

P = $60

X = 55%.

S = $60*(1 + 55%/100%) = $60*(1 + 0.55) = $93

The selling price is $93.

Learn more about percentages:

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