Answer: The required markup percentage is 60%.
Step-by-step explanation: Given that the store bought a pair of shoes for $50 and sold it for $80.
We are to find the markup percentage.
The markup price of the pair of shoes is given by
[tex]\textup{selling price-cost price}=80-50=30.[/tex]
Therefore, the markup percentage is given by
[tex]\dfrac{\textup{markup price}}{\textup{cost price}}\times100\%\\\\\\=\dfrac{30}{50}\times100\%\\\\\\=30\times2\%\\\\=60\%.[/tex]
Thus, the required markup percentage is 60%.
The percentage Markup on the pairs of shoes sold is the percentage difference in the sales price and the purchase price of the shoe. Hence, percentage Markup is 60%
The Markup on the shoe can be calculated thus :
Markup = $80 - $50 = $30
Percentage Markup is :
[tex]\frac{Markup}{purchase price} \times 100[/tex]%
Percentage makeup = [tex]\frac{30}{50} \times 100 = 60[/tex]%
Therefore, the percentage Markup on sale is 60%
Learn more : https://brainly.com/question/18109354
