Answer:the new price of the shoe is $5
Step-by-step explanation:
The price at which the shoe has been selling is $25.
Because of an increase of 4% in wholesale prices, a shoe store had to mark up its new stock by the same percent. The value of the 4% increase on the initial price of the shoe is
4/100 × 25 = 0.04 × 25 = $1
Therefore, the new price of the shoe would be
4 + 1 = $5
