Asked by Lauren Oliveira on May 06, 2024
Verified
A shoe store sells a pair of shoes for $60.5 . The cost of the shoes to the store is $41.54 . What is the markup?
A) $ 16.51
B) $23.56
C) $19.00
D) $13.56
E) $18.96
Markup
The sum included in the purchase price of products to account for overhead expenses and gain profit.
- Compute markup, markdown, discount, and unit pricing within contexts related to financial literacy.
Verified Answer
AH
abdul hassan
May 07, 2024
Final Answer :
E
Explanation :
The markup is calculated by subtracting the cost from the selling price. So, $60.5 - $41.54 = $18.96.
Learning Objectives
- Compute markup, markdown, discount, and unit pricing within contexts related to financial literacy.