Question

. A retailer marks up all merchandise 50%. If a pair of basketball shoes costs the retailer $100, how much will they cost a shopper if he finds the shoes on a discount rack that advertises all shoes on the rack to be 50% off retail price?

Answer 1

The cost of basketball shoes to the retailer = $100

Discount percent = 50 %

So, the discount rate = 50% 0f 100

$\frac{50\times100}{100}=50$

So, the cost for a shopper will be $50