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500 pairs of sneakers were bought for a young men's department to be promoted at $19.99 each. The sneakers were purchased for $10.00 per pair
500 pairs of sneakers were bought for a young men's department to be promoted at $19.99 each. The sneakers were purchased for $10.00 per pair with discounts of 15/5/3. On the day the ad released, 278 pairs were sold. The remaining pairs were marked into regular stock for $32 and within the Month, all were sold. Using this information, find the initial markup %.
a. | 58.28% | |
b. | 59.22% | |
c. | 60.08% | |
d. | 60.82% |
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