The Sports Brand Company is making a new shoe that has a wholesale price of $60,and it wishes to advertise a retail price of $149.99.What is the markup percentage?

Markup Percentage

Markup Percentage is the difference between the cost of a product or service and its selling price, expressed as a percentage of the cost, used to determine the selling price.

Wholesale Price

The cost of goods sold in bulk to retailers or distributors, typically lower than retail prices.

Retail Price

The price for which retailers sell an item.