Question

The store bought a pair of shoes for $50, and sold it for $80. What percentage was the markup? PLZ HELPPP!!!

Answer 1

Answer:

37.5%

Step-by-step explanation:

The markup would be 37.5%. 80-50 = 30. If you set up the  

proportion, is/of = %/100, it would be 30/80 = %/100. Multiply  

30*100. = 3,000. Divide this by 80 and you get 37.5.

Answer 2

Answer:  The required markup percentage is 60%.

Step-by-step explanation:  Given that the store bought a pair of shoes for $50 and sold it for $80.

We are to find the markup percentage.

The markup price of the pair of shoes is given by

$\textup{selling price-cost price}=80-50=30.$

Therefore, the markup percentage is given by

$\dfrac{\textup{markup price}}{\textup{cost price}}\times100\%\\\\\\=\dfrac{30}{50}\times100\%\\\\\\=30\times2\%\\\\=60\%.$

Thus, the required markup percentage is 60%.