Solved on Nov 02, 2023

Calculate the markup and retail price for shoes given the price and markup percentage.
$\text{Markup} = \text{Price} \times \text{Markup \%} = \$ 76.38 \times 0.39 = \$ 29.79$ $\text{Retail Price} = \text{Price} + \text{Markup} = \$ 76.38 + \$ 29.79 = \$ 106.17$

STEP 1

Assumptions1. The price of the shoes is $76.38. The markup percentage is39%
3. The markup is calculated as a percentage of the price4. The retail price is the sum of the price and the markup

STEP 2

First, we need to find the markup on the shoes. We can do this by multiplying the price by the markup percentage.
$Markup = Price \\times Markup\, percentage$

STEP 3

Now, plug in the given values for the price and markup percentage to calculate the markup.
$Markup = \$76.38 \\times39\%$

STEP 4

Convert the percentage to a decimal value.
$39\% =0.39$ $Markup = \$76.38 \\times0.39$

STEP 5

Calculate the markup amount.
$Markup = \$76.38 \\times0.39 = \$29.79$

STEP 6

Now that we have the markup amount, we can find the retail price. This is the sum of the price and the markup.
$Retail\, Price = Price + Markup$

STEP 7

Plug in the values for the price and the markup to calculate the retail price.
$Retail\, Price = \$76.38 + \$29.79$

STEP 8

Calculate the retail price.
$Retail\, Price = \$76.38 + \$29.79 = \$106.17$ The completed table is\begin{tabular}{|l|c|c|c|c|} \hline Item & Price & Markup \% & Markup & Retail Price \\ \hline Shoes & $\$76.38$ & $39 \%$ & $\$29.79$ & $\$106.17$ \\ \hline\end{tabular}

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Calculate the markup and retail price for shoes given the price and markup percentage.
$\text{Markup} = \text{Price} \times \text{Markup \%} = \$ 76.38 \times 0.39 = \$ 29.79$ $\text{Retail Price} = \text{Price} + \text{Markup} = \$ 76.38 + \$ 29.79 = \$ 106.17$

STEP 1

Assumptions1. The price of the shoes is $76.38. The markup percentage is39%
3. The markup is calculated as a percentage of the price4. The retail price is the sum of the price and the markup

STEP 2

First, we need to find the markup on the shoes. We can do this by multiplying the price by the markup percentage.
$Markup = Price \\times Markup\, percentage$

STEP 3

Now, plug in the given values for the price and markup percentage to calculate the markup.
$Markup = \$76.38 \\times39\%$

STEP 4

Convert the percentage to a decimal value.
$39\% =0.39$ $Markup = \$76.38 \\times0.39$

STEP 5

Calculate the markup amount.
$Markup = \$76.38 \\times0.39 = \$29.79$

STEP 6

Now that we have the markup amount, we can find the retail price. This is the sum of the price and the markup.
$Retail\, Price = Price + Markup$

STEP 7

Plug in the values for the price and the markup to calculate the retail price.
$Retail\, Price = \$76.38 + \$29.79$

STEP 8

Calculate the retail price.
$Retail\, Price = \$76.38 + \$29.79 = \$106.17$ The completed table is\begin{tabular}{|l|c|c|c|c|} \hline Item & Price & Markup \% & Markup & Retail Price \\ \hline Shoes & $\$76.38$ & $39 \%$ & $\$29.79$ & $\$106.17$ \\ \hline\end{tabular}

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STEP 1

Assumptions1. The price of the shoes is $76.38. The markup percentage is39%3. The markup is calculated as a percentage of the price4. The retail price is the sum of the price and the markup

STEP 2

First, we need to find the markup on the shoes. We can do this by multiplying the price by the markup percentage.Markup=PricetimesMarkup percentageMarkup = Price \\times Markup\, percentageMarkup=PricetimesMarkuppercentage

STEP 3

Now, plug in the given values for the price and markup percentage to calculate the markup.Markup=$76.38times39%Markup = \$76.38 \\times39\%Markup=$76.38times39%

STEP 4

Convert the percentage to a decimal value.39%=0.3939\% =0.3939%=0.39Markup=$76.38times0.39Markup = \$76.38 \\times0.39Markup=$76.38times0.39

STEP 5

Calculate the markup amount.Markup=$76.38times0.39=$29.79Markup = \$76.38 \\times0.39 = \$29.79Markup=$76.38times0.39=$29.79

STEP 6

Now that we have the markup amount, we can find the retail price. This is the sum of the price and the markup.Retail Price=Price+MarkupRetail\, Price = Price + MarkupRetailPrice=Price+Markup

STEP 7

Plug in the values for the price and the markup to calculate the retail price.Retail Price=$76.38+$29.79Retail\, Price = \$76.38 + \$29.79RetailPrice=$76.38+$29.79

STEP 8

Start learning now

Download Studdy AI Tutor now. Learn with ease and get all help you need to be successful at school.

Assumptions1. The price of the shoes is $76.38. The markup percentage is39%
3. The markup is calculated as a percentage of the price4. The retail price is the sum of the price and the markup

First, we need to find the markup on the shoes. We can do this by multiplying the price by the markup percentage.
$Markup = Price \\times Markup\, percentage$

Now, plug in the given values for the price and markup percentage to calculate the markup.
$Markup = \$76.38 \\times39\%$

Convert the percentage to a decimal value.
$39\% =0.39$ $Markup = \$76.38 \\times0.39$

Calculate the markup amount.
$Markup = \$76.38 \\times0.39 = \$29.79$

Now that we have the markup amount, we can find the retail price. This is the sum of the price and the markup.
$Retail\, Price = Price + Markup$

Plug in the values for the price and the markup to calculate the retail price.
$Retail\, Price = \$76.38 + \$29.79$