Question

A shoe store uses a 38% markup to price their items. The store buys the

shoes from the wholesaler for $52. By how much will they mark up the price?

Answer 1

They will Markup the price by $19.76.

Explanation:

Markup percent = 38%

Wholesale Price = $52

Markup price can be calculated by simply multiplying the wholesale price by 38% or 0.38.

so

Markup price = 38% of 52

= 38/100 × 52

= 0.38 × 52

= $19.76

Therefore, they will Markup the price by $19.76.