A brand of sneakers costs $29.00 to manufacture in Omaha, Nebraska. The

shoes are then shipped to shoe stores across the country. When you see

them on the shelves, the price is $69.99. How do you think the price you

pay for the sneakers is determined? Would this be considered a markup or

mark down? Answer both questions in the box below.

Question

Mathematics

Colt Hendricks

4 July, 18:04

A brand of sneakers costs $29.00 to manufacture in Omaha, Nebraska. The

shoes are then shipped to shoe stores across the country. When you see

them on the shelves, the price is $69.99. How do you think the price you

pay for the sneakers is determined? Would this be considered a markup or

mark down? Answer both questions in the box below.

+5

Answers (1)

Know the Answer?

Dana Brooks · Answer 1

its is a markup, and the price isdetermined from where they shipped it and how much it cost to get it nto the store and to were the store still gets a proffit from it