Question

2. The store bought a pair of shoes for $60, and sold

it for $100. What percentage was the markup?

Answer 1

33.3%

Explanation:

Given data

Cost of shoes= $60

Selling price = $100

% markup = (selling-cost/cost)*100

% markup = (100-75/75)*100

% markup = (25/75)*100

% markup = (0.33333333333)*100

% markup =33.3%

Hence the markup is 33.3%