Answered

(a)
Smart Shoe Store has a mark-up percentage on their
takkies of 212%. They make a profit of R477 per pair.
26. How much will they sell the takkies for?
(a) R225,00
(b) R2 697,00
(c) R1 011,24
(d) R702,00
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Answer :

sqdancefan

Answer:

  (d)  R702,00

Step-by-step explanation:

If R477 represents 212% of the cost price, you want to know the selling price.

Selling price

The selling price is the sum of the cost price and the markup.

  sp = cp + m·cp = cp(1 +m)

If the markup is 212%, then we have ...

  [tex]R477=(212\%)\cdot cp\\\\cp=\dfrac{R477}{212\%}=\dfrac{R477}{2.12}[/tex]

Then the selling price is ...

  [tex]sp=\left(\dfrac{R477}{2.12}\right)(1+2.12)=R477\left(\dfrac{3.12}{2.12}\right)=R702[/tex]

Smart Shoe Store will sell their takkies for R702, choice D.

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