Question

PLEASE PLEASE PLEASE HELP!!!

A pair of shoes cost $22.99 to make, the local store sells them for $36.99. What is the percent markup? (Round to the nearest hundredth percent)

A: 69.0%

B: 38.7%

C: 60.9%

D: 37.8%

Answer 1

Answer:

C

Step-by-step explanation:

The percent markup is basically how much it is MORE than the original.

First, we need to find how much the selling price is more than cost.

Cost = 22.99

Selling Price = 36.99

Markup = 36.99 - 22.99 = $14

How much is the markup, we just found, with respect to cost? That is the markup divided by cost, multiplied by 100 [to convert to percentage]. Shown below:

$\frac{14}{22.99}*100=60.9$

So, the percent markup = 60.9%

Answer choice C is right.