Shoes Galore sells a red pair of sneakers for $78. If the cost of the shoes is $24 , how much is the markup rate ? PLEASE HELP !!!

Question

asked Aug 2, 2022 27.4k views

1 Answer

Amrinder Arora · Answer 1 · 2022-08-07T17:00:37+0000

Answer:

225%

Explanation:

Find the difference between the two prices, then divide it by the original price:

78 - 24 = 54

54/24

= 2.25

So, the markup rate is 225%