Question

A department store purchases certain tennis shoes for $48.00 and applies a markup of 30%. What is the retail price that the customer will pay at the department store?

Answer 1

The markup of 30% means that the department store is adding 30% of the cost to the price.

First, we find the amount of the markup:

30% of $48.00 = 0.30 * $48.00 = $14.40

Next, we add the markup to the cost:

$48.00 + $14.40 = $62.40

Therefore, the retail price that the customer will pay at the department store is $62.40.

Answer 2

answer = 62.40

Answer 3

Yes, that is correct!