Question

A department store buys200 shirts at a cost of ​$ 5400 and sells them at a selling price of ​$30 each. Find the percent markup

Answer 1

is it 2.00?

Explanation:

Answer 2

200 shirts x $30 = $6000

Total sales would be $6000

Profit = 6000 - 5400 = $600

Divide profit by cost:

600/5400 = 0.1111

Multiply by 100 for percentage:

0.111 x 100 = 11.1%

Rounding to nearest percent would be 11% markup