A brand of sneakers costs $29.00 to manufacture in Omaha, Nebraska. The shoes are then shipped to shoe stores across the country. When you see them on the shelves, the price is $69.99. How do you think the price you pay for the sneakers is determined? Would this be considered a markup or mark down? Answer both questions in the box below.
its is a markup,and the price isdetermined from where they shipped it and how much it cost to get it nto the store and to were the store still gets a proffit from it