Question

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

Answer 1

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%