Question

The finish line paid converse $24 for a new pair of basketball shoes. If the store sells the shoes for $48, what is the percent mark-up (increase)? Show and/ or explain your thinking.

Answer 1

The markup is 100%. To find this percent you find the difference between the original and new price, (48-24=24), then you take the difference and divide it by the original price, (24/24=1), then multiply that number by 100 to get a percentage, (1x100=100). You can also tell that the price increased by $24 which is 100% of the original $24.

Answer 2

100%

Explanation:

You take the new price and divide it by the original. You get 200% then see how far it is away fron a hundred precent. Here that is a hundred precent, and we therefore have a hundred precent increase in price