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Answer :
If the markup is of the 55%, then the selling price will be the 155% of the original price, this means that the selling price is:
S = $93.
What is the selling price of the boots?
If the original price is P, and the markup is given by a percentage X, then the selling price of the product will be:
S = P*(1 + X/100%).
In this case, the original price is $60 and the mark up is of 55%, then we have:
P = $60
X = 55%.
S = $60*(1 + 55%/100%) = $60*(1 + 0.55) = $93
The selling price is $93.
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