Tyler's brother works in a shoe store the store bought a pair of shoes for $50 and sold it for $80 what percentage was the markup

Cost price= $50

Selling price =$80

Percentage markup = Gain/Cost price x 100%

=30/50x100

=$60.

Explanation:

percentage mark up is 60%

Explanation:

The percentage mark up is the percentage gain of the pair of shoes sold. Tyler bought the shoe for $50 and sold it for $80 . The percentage gain can be computed mathematically as follow

Cost price of shoe = $50

Selling price of shoe = $80

gain = $80 - $50 = $30

percentage gain = gain/ cost price of shoe × 100

percentage markup = 30/50 × 100

percentage markup = 3000/50

percentage mark up = 60%

percentage mark up is 60%