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?
The markup is $7.31
Selling price: = $24.31
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
Second method calculate 143% immediately.
#100%+43% = 143%
Find 143% of $17.
Selling price =