# A shoes store buys sneakers at a wholesale price of $17 each. It then marks up the price by 43%, and sells the sneakers. What is the amount of the markup? What is the selling price?

##### 1 Answer

Aug 12, 2016

The markup is $7.31

Selling price: = $24.31

#### Explanation:

There are two methods of increasing $17 by 43%.

**One method** is to calculate the 43% and add it on to $17.

The markup amount is: #43/100 xx 17 = $7.31

Selling price:

**Second method** calculate 143% immediately.

#100%+43% = 143%

Find 143% of $17.

Selling price =

Markup =