3.5.ps - 16 question help a shoe store uses a 50% markup for all of the shoes it sells. what would be the…

3.5.ps - 16 question help a shoe store uses a 50% markup for all of the shoes it sells. what would be the selling price of a pair of shoes that has a wholesale cost of $59? the selling price would be $ (round to the nearest cent as needed.)

3.5.ps - 16 question help a shoe store uses a 50% markup for all of the shoes it sells. what would be the selling price of a pair of shoes that has a wholesale cost of $59? the selling price would be $ (round to the nearest cent as needed.)

Answer

Explanation:

Step1: Calculate the markup amount

Markup amount = Wholesale cost × Markup percentage. The markup percentage is 50% or 0.5 in decimal - form, and the wholesale cost is $59. So, the markup amount is $59×0.5 = $29.5$.

Step2: Calculate the selling price

Selling price = Wholesale cost+Markup amount. Substitute the values: Selling price = $59 + 29.5=$88.5$.

Answer:

$88.50$