Question

a clothing store bought a shirt for the price of $10 and sold it at the selling price of $21.50. find the percent markup

Answer 1

Buying price of store = $10

the selling price of $21.50.

So the percent markup:

`\begin{gathered} PM=(21.5-10)/(21.5)*100 \\ PM=(11.5)/(21.5)*100 \\ PM=53.48 \end{gathered}`

So the percent markup is 53.48%