SOLUTION: The merchant has a standard 60% markup on her inventory she pays $20 a pair for dress shoes for how much does she sell the dress shoes

Question 972833: The merchant has a standard 60% markup on her inventory she pays $20 a pair for dress shoes for how much does she sell the dress shoes
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
Mark up is increasing the price
Pay $20 and marks them up 60%
That is $20*.60=$12
The selling cost is $20+$12=32.
These problems must be read carefully. Sometimes, it is a mark up, sometimes it is the price after the mark up, and the original price is needed.
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