Question

Nick wants to buy a pair of shoes. The original cost of the shoes is $56. 75, and the markup is 12 percent. How much will he have to pay for the shoes? markup value = original cost Ă— percentage markup A. $6. 81 B. $49. 64 C. $63. 56.

Answer 1

Multiply the original price by (1 + percent of markup)

56.75 x (1.12%)

56.75 x (1.12) = 63.56

Answer: c. $63.56