a department store sells a pair of shoes with an 87% markup. if the store sells the shoes for $192.61 then…

a department store sells a pair of shoes with an 87% markup. if the store sells the shoes for $192.61 then what is their non - markup price?

a department store sells a pair of shoes with an 87% markup. if the store sells the shoes for $192.61 then what is their non - markup price?

Answer

Explanation:

Step1: Let the non - markup price be (x).

The formula for markup price is (Selling\ price=(1 + markup\ percentage)x). Here, the markup percentage (r = 87%=0.87) and the selling price (S = 192.61). So, (192.61=(1 + 0.87)x).

Step2: Solve for (x).

We have (192.61 = 1.87x). Then (x=\frac{192.61}{1.87}).

Step3: Calculate the value of (x).

(x = 103)

Answer:

(103)