SOLUTION: a pair of shoes that now sells for $63 has been marked up 40%. find the markup on the pair of shoes.

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Question 17957: a pair of shoes that now sells for $63 has been marked up 40%. find the markup on the pair of shoes.
Answer by ivy12003(22) About Me  (Show Source):
You can put this solution on YOUR website!
First, let's start with the information we know and what we're trying to figure out.

A pair of shoes = $63

Marked up = 40%

Thus, we are trying to figre out the total cost of the shoes. In order to find out what 40$ of $60 is, we mulitiply (of means to multiply). We then have our equation: (use BEDMAS to solve)
$63 + $63 * 40% = $63 + 25.20 = $88.20

Therefore, the cost of the pair of shoes is $88.20.