Question

A department buys 300 shirts at a cost of $1,800 and sells them for $10 each.Find the percent markup rounded to the nearest percent

Answer 1

The answer is 16.6% I’m not sure if you want to round but that’s what comes out if you do the math

Answer 2

Cp of 300 shirts = $1800
Cp of 1 shirt =
`(1800 )/(300) = 6`

Profit/Gain = Sp - Cp
= $10 - $6 = $4

Profit/Gain % =
`(profit)/(cp) * 100`

`= (4)/(6) * 100 \\ = (2)/(3) * 100 \\ = 2 * 33.33 \\ = 66.66\%`

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