Tyler's brother Works in a shoe store the store bought a pair of shoes for $50 and sold it for $80 what percentage was the markup

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Geography

Eva Roth

8 March, 04:20

Tyler's brother Works in a shoe store the store bought a pair of shoes for $50 and sold it for $80 what percentage was the markup

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Answers (2)

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Damian Russell · Answer 1

Cost price = $50

Selling price = $80

Percentage markup = Gain/Cost price x 100%

=30/50x100

=$60.

Aspen Garrett · Answer 2

percentage mark up is 60%

Explanation:

The percentage mark up is the percentage gain of the pair of shoes sold. Tyler bought the shoe for $50 and sold it for $80. The percentage gain can be computed mathematically as follow

Cost price of shoe = $50

Selling price of shoe = $80

gain = $80 - $50 = $30

percentage gain = gain / cost price of shoe * 100

percentage markup = 30/50 * 100

percentage markup = 3000/50

percentage mark up = 60%

percentage mark up is 60%