The discount on the men's shoes is $97.00 x 25.6% = $<<97*25.6*.01=24.832>>24.832.
So, the store paid $97.00 - $24.832 = $<<97-24.832=72.168>>72.168 for the men's shoes.
Therefore, the new regular selling price should be $72.168 / (1 - 35%) = $72.168 / 0.65 = $111.794.
Rounding to the nearest dollar, the new regular selling price is $<<112=112>>112. Answer: \boxed{112}.
Mike's Suits and Accessories purchased men's shoes for $97.00 less 25.6%. The store operates at a normal gross profit of 35% of regular selling price. The owner marks all merchandise with new regular selling prices so that the store can offer a 25% discount. What is the new regular selling price (round to the nearest dollar)?
1 answer