Answer:
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%
