A shoe store uses a 60% markup for all the shoes it sells. What would be the selling price of a pair of shoes that has a wholesale cost of $53? (Round to the nearest cent as needed.)

Answer:
Selling price = $84.80
Step-by-step explanation:
Multiply the cost by 1 + the mark up percentage.
53 x 1.60 = 84.80
Selling price = $84.80