A shoe store uses a 115% markup on cost. If they sell a pair of shoes for $85.49, how much did the shoes cost before the markup?

Given:

A shoe store uses a 115% markup on cost.

Selling price of pair of shoes = $85.49

To find:

The cost of shoes before markup.

Solution:

Let x be the cost of shoes before markup.

A shoe store uses a 115% markup on cost.

So, the selling price of the shoes is

Selling price of pair of shoes is $85.49.

Therefore, the cost of shoes before markup is $39.76.

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