A department store buys 300 shirts at a cost of 3600 and sells them at a selling price of $20 each find the percent markup

Question

asked Feb 21, 2023 233k views

1 Answer

Zainul Abideen · Answer 1 · 2023-02-25T19:11:38+0000

We have the following:

To find the percent markup, we must calculate the profits, knowing that there are 300 shirts and they sell them for a total of $ 20

$300\cdot20=6000$

Now we subtract from what was initially spent and then divide by that same amount and multiplying by 100 we will know the percent markup

$(6000-3600)/(3600)\cdot100=66.67\cong67$

Which means that the percent markup is 67%