Tyler’s brother works in a shoe store.
B. The store bought a pair of shoes for $50, and sold it for $80. What percentage was the markup?
What is the answer!!!!!!!😡
To calculate the percentage markup, you need to find the difference between the selling price and the cost price, and then divide it by the cost price, multiplied by 100. In this case, the selling price is $80 and the cost price is $50.
First, subtract the cost price from the selling price to get the markup:
$80 - $50 = $30
Next, divide the markup by the cost price:
$30 / $50 = 0.6
To express this as a percentage, multiply by 100:
0.6 * 100 = 60%
Therefore, the markup percentage for the pair of shoes is 60%.