Question

DSW sells a variety of shoes. DSW buys a new collection of shoes for $60 a shoe, but they "mark up the price and sell the shoe to the customers for $82. About how much is the percent increase for this "mark-up"? A About 42% B. About 37% C. About 228 D. About 127

Answer 1

B. about 37%

Step-by-step explanation

you can easily solve this by using a rule of three.

Step 1

Let

x represents the percentage of increase

$60 = 100%

increase = 82-60=$22

then

if

`\begin{gathered} 60\rightarrow100 \\ then \\ 22\rightarrow x \\ \end{gathered}`

Step 2

the proportion is the same, so

`(60)/(100)=(22)/(x)`

step 3

Solve for x

`\begin{gathered} (60)/(100)=(22)/(x) \\ 60\cdot x=22\cdot100 \\ x=(22\cdot100)/(60) \\ x=36.67\approx37 \end{gathered}`

so, the answer is B. about 37%