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A pair of shoes sell for $75 from the manufacturing company. If the store sells the shoes for $150 dollars what is the mark-up (percent increase) of the price of the shoe from the manufacturing company to the store?
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Lanuel

The mark-up (percent increase) of the price of the shoe from the manufacturing company to the store is 100%.

Given the following data:

  • Cost price = $75
  • Selling price = $150

To determine the mark-up (percent increase) of the price of the shoe from the manufacturing company to the store:

First of all, we would determine the increase in price of this shoe:

[tex]Increase = selling\;price -cost\;price\\\\Increase = 150-75[/tex]

Increase = $75

For mark-up (percent increase):

[tex]Mark\;up = \frac{Increase}{Cost\;price} \times 100\\\\Mark\;up = \frac{75}{75} \times 100[/tex]

Mark-up = 100%

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