1 Answer

Yuantao · Answer 1 · 2022-03-13T22:19:32+0000

Given:

A store manager purchased hoodies for $24.99 apiece.

He sells the hoodies for $32.

To find:

The markup percentage.

Solution:

We have,

Cost price (C.P.) = $24.99

Selling price (S.P.) = $32

We know that,

$\text{Markup percentage}=(S.P.-C.P.)/(C.P.)* 100$

$\text{Markup percentage}=(32-24.99)/(24.99)* 100$

$\text{Markup percentage}=(7.01)/(24.99)* 100$

$\text{Markup percentage}=(701)/(24.99)$

$\text{Markup percentage}\approx 28.05$

Therefore, the markup percentage is 28.05%.

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