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?
A) 57.33%
B) 42.67%
C) 174.42%
D) 68.50%
E) 74.42%

Name: 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? A) 57.33% B) 42.67% C) 174.42% D) 68.50% E) 74.42%
Brand: Quizplus
Rating: 4.7 (30 reviews)

Question

Quizplus · Accepted Answer

The rate of mark-up on cost is calculated as ((Selling Price - Cost Price) / Cost Price) * 100. Here, it is (($75.00 - $43.00) / $43.00) * 100 = 74.42%.

Acme Shoes Marked Up a Pair of Shoes from the $43.00