A shoe distrinutor a sells a particular pair of shoes to a store for 42.80. the store then sells this pair of shoes to a customer at a 35% markup. how much money does the store make from selling one par of shoes to a customer
To determine how much money the store makes from selling one pair of shoes to a customer, we need to calculate the selling price of the shoes.
First, we find the markup amount:
Markup = 35% * Cost Price
Markup = 35% * $42.80 = $14.98
The selling price of the shoes is the cost price plus the markup amount:
Selling Price = Cost Price + Markup
Selling Price = $42.80 + $14.98 = $57.78
Therefore, the store makes $57.78 from selling one pair of shoes to a customer.