SOLUTION: You are an owner of the shoe outlet. You are looking for a line of men’s shoes to retail for $799.95. If your objective is a 55% make-up based on selling price. Indicate and expl
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Question 1201582: You are an owner of the shoe outlet. You are looking for a line of men’s shoes to retail for $799.95. If your objective is a 55% make-up based on selling price. Indicate and explain what is the most that your company should charge for the shoes to still get the desired mark-up. Answer by Glaviolette(140) (Show Source):
You can put this solution on YOUR website! If I am reading this correctly, you want to determine the price at which you can charge for the shoes so that the retail prices of $799.95 is a 55% markup. Therefore, you want to know 155% of what value is $799.95. Use 155% to be 100% of the original price and the 55% markup.
155% * c = 799.95
Divide both sides by 155% for a result of $516.10.
