Question

A pair of shoes are $74.99 with a 33% markup. What is the cost of the markup?

Answer 1

Answer: $24.75

Explanation:

To find the cost of the markup on a pair of shoes with a 33% markup, you can use the following formula:

Markup = Original Cost x Markup Percentage

First, convert the percentage to a decimal by dividing it by 100:

33% = 0.33

Now, use the formula:

Markup = $74.99 x 0.33 = $24.747

So, the cost of the markup is approximately $24.75.