Answer: The markup percentage for the shirts is 22%. This means that the store makes a profit of 22% on the shirts, based on the cost price.
Explanation:
To find the percent markup of the shirts in this case, we can use the following formula:
Markup percentage = (selling price - cost price) / cost price x 100%
Given that the cost price of the shirts is $9,000 and the selling price is $20 per shirt, we can substitute these values into the formula and calculate the markup percentage:
Markup percentage = ($20 - $9,000) / $9,000 x 100%
= (11,000 - 9000) / 9000 x 100% = 2000/9000 x 100% = 0.22 x 100% = 22%
- C