Question

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

$64.26
$64.26

$48.95
$48.95

$17.01
$17.01

$30.24

Answer 1

To find the selling price of the roller derby skates after a 36% markup, you first need to calculate the amount of the markup and then add it to the original cost.

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

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

2. Add the markup to the original cost to find the selling price:
\[
\text{Selling Price} = \text{Cost} + \text{Markup} = 47.25 + 17.01
\]

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

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