Question

Play department store by 300 shirts for a total cost of $7200 and sells them for $30 each. Find the percent markup.

Answer 1

the percent markup is 25%.

Explanation:

To find the percent markup, we need to know the difference between the cost price (what the store paid for the shirts) and the selling price (what the store is selling them for), and then divide that difference by the cost price and multiply by 100 to get the percentage.

Cost price = $7200 / 300 = $24

Selling price = $30

Profit = $30 - $24 = $6

Markup = (Profit / Cost price) * 100 = (6/24) * 100 = 25%

So the percent markup is 25%.

Answer 2

Answer: The store has a markup percentage of 200%.

Step-by-step explanation: Markup percentage = (selling price - cost price) / cost price x 100%

Markup percentage = (30 - 10) / 10 x 100% = 200%

The store has a markup percentage of 200%. This means that the store has increased the price of the shirts by 200% above the cost price to make a profit.