A store marks up all of their merchandise by 95%. The floor price of a jacket is $65.50.

What was the stores purchase price before the markup for this item?

55.39$

Step-by-step explanation:

you take the original price and times it by 0.08 original tax amount and you minus that from the price its marked up to and you take the percentage its marked up by which would be 95 and put a zero in front of it cause it's not a complete 100 which it would look like 0.95 and you would times it by the original price and your answer would be complete