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Flip-flops have a wholesale cost of $8.00. A shoe store wants to sell them a markup of 85%. What are the amounts of markup and the retail price of the footwear?

-Answer choices-

A. Markup: $1.20; retail price: $9.20

B. Markup: $6.00; retail price: $14:00

C. Markup: $6.80; retail price: $1.20

D. Markup: $6.80; retail price: $14:80

Respuesta :

D.Markup;6.80; retail price: $14.80

Answer:

D. Markup: $6.80; retail price: $14.80

Step-by-step explanation:

Wholesale price = $8.00

Markup price is [tex]\frac{85}{100}[/tex] × $8.00 = $6.80

Retail price = Wholesale price + Markup price

Retail price = $8.00 + $6.80 = $14.80

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