A store pays $47.25 for a pair of roller derby skates. The markup is 36% . What is the selling price?(1 point)

Question

Responses

$64.26
$64.26

$30.24
$30.24

$48.95
$48.95

$17.01

Answer 1

To determine the selling price of the roller derby skates, we first need to calculate the amount of the markup and then add it to the cost price.

1. Calculate the markup: \[ \text{Markup} = \text{Cost} \times \text{Markup Percentage} = 47.25 \times 0.36 \]

   \[ \text{Markup} = 47.25 \times 0.36 = 17.01 \]

2. Calculate the selling price: \[ \text{Selling Price} = \text{Cost} + \text{Markup} = 47.25 + 17.01 \]

   \[ \text{Selling Price} = 64.26 \]

Therefore, the selling price of the roller derby skates is $64.26.