Question

Acme Shoes marked up a pair of shoes from the $43.00 cost to $75.00. What is the rate of mark-up on cost?

Answer 1

Let x be the % of markup

Markup amount 75-43 = 32

Markup will be 32/43 = 0.74418

74.4%

Or

43 + 43(x/100)=75
43x/100 = 32
43x = 3200
x = 74.4