EzgiZ32058 EzgiZ32058

Today at 10:13 PM
Mathematics

Answered

A store buys a pair of shoes for $40 and sells the shoes for $70.What was the percent markup?

Answer :

KayneS116251 KayneS116251

Today at 10:17 PM

EXPLANATION

Let's see the facts:

Buy price = $40

Sell price = $70

The markup percentage formula is:

[tex]\text{Markup\%}=\frac{Sell\text{ price - cost}}{\cos t}\cdot100[/tex]

Substituting terms:

[tex]\text{Markup\% = }\frac{70-40}{40}\cdot100\text{ = 75\%}[/tex]

The markup is 75%.

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