Answer:
The new cost is $108.98
Step-by-step explanation:
Mark up is the amount that is added to cost price of a product for profit.
Given
Cost price of boots = C = $99.99
Mark up = 9%
First of all we will calculate markup and then add it to the cost price of boots to find the new cost.
[tex]Mark\ up = M = 9\%\ of\ 99.99\\= 0.09*99.99\\=\$8.99[/tex]
The new cost will be:
[tex]C_n = Cost\ price + mark\ up\\C_n = 99.99+8.99\\= 108.98[/tex]
The new cost is $108.98
