Question

The shoe store has a mark up rate 75% and is selling a pair of shoes for $133 find the price the store paid for the shoes

Answer 1

If you would like to know the price the store paid for the shoes, you can calculate this using the following steps:

100% ... $x = ?
175% ... $133

100% * 133 = x * 175%
100/100 * 133 = x * 175/100
133 * 100 / 175 = x
x = $76

The correct result would be $76.