SOLUTION: A sneaker shop pays its wholesaler $40 for a certian athletic shoe, and then sells it to a customer for $75. What is the % markup?

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Question 588074: A sneaker shop pays its wholesaler $40 for a certian athletic shoe, and then sells it to a customer for $75. What is the % markup?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
A sneaker shop pays its wholesaler $40 for a certian athletic shoe, and then sells it to a customer for $75. What is the % markup?
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The markup is $35 (75 - 40)
35/40 = 7/8 = 0.875
= 87.5%