Question

PLEASE HELP!

A pair of shoes cost $22.99 to make, the local store sells them for $36.99. What is the percent markup? (Round to the nearest hundredth percent)


A) 69.0%


B) 38.7%


C) 60.9%


D) 37.8%

Answer 1

The percent markup is,
`\simeq` 60.89 % .

Explanation:

A pair of shoes cost $ 22.99 to make, the local store sells them for $ 36.99.

So, the increased value for each pair of shoes,

= $ (36.99 - 22.99)

=$ 14

So, the percent markup is,

`\frac {14 * 100}{22.99}` %

`\simeq` 60.89 %