Nike shoes were originally $40 and is now marked up by 5% what is the price after the markup
42.50
42
43
44

Answer : 42

If the shoes were marked up by 5% then:

5 ÷ 100 × 40 = $2

Add the $2 to the $40 and you'll get:

$40 + 2 = $42

soo this can be solve by using the formula:

f = p( 1 + i)^ n

where f is the future profit

p is the initial profit

i is the percent increase

n is the number of years

a . f = 30000 ( 1.05)^n

b. f = 30000 ( 1.05)^15

f = $62,368