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A shoe store bought 225 pairs of shoes for $15750. Twenty-five pairs were sold at a markup of 150% of cost and 175 pairs at a markup of 75% of cost; 10 pairs were sold during a clearance sale for $80 each and the remaining shoes were disposed of at 20% below cost. Assume all pairs of shoes had the same cost. a. What was the cost of shoes? b. What was the amount of markup realized on the

A shoe store bought 225 pairs of shoes for $15750. Twenty-five pairs were sold at a markup of 150% of cost and 175 pairs at a markup of 75% of cost; 10 pairs were sold during a clearance sale for $80 each and the remaining shoes were disposed of at 20% below cost. Assume all pairs of shoes had the same cost. a. What was the cost of shoes? b. What was the amount of markup realized on the

Intermediate Algebra
Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.5: Solve Linear Inequalities
Problem 2.118TI: Elliot has a landscape maintenance business. His monthly expenses are $1,100. If he charges $60 per...
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A shoe store bought 225 pairs of shoes for $15750. Twenty-five pairs were sold at a markup of 150% of cost and 175 pairs at a markup of 75% of cost; 10 pairs were sold during a clearance sale for $80 each and the remaining shoes were disposed of at 20% below cost. Assume all pairs of shoes had the same cost. a. What was the cost of shoes? b. What was the amount of markup realized on the purchase?  c. What was the percent markup based on selling price?
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