The mark up percent on the retail price is 150%.
Since the Sports Brand Company is making a new shoe that has a wholesale price of $60,
and it wishes to advertise a retail price of $150,the markup will be:
= $150 - $60
= $90
Therefore the markup percentage will be:
= Mark up/ Original price × 100
= 90/60 × 100
= 3/2 × 100
= 150%
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