Question

An electronics store buys 200 stylus at a cost of $400 and sells them for $6 each. Find the percent markup rounded to the nearest percent?​

Answer 1

Percent markup is 200%

Explanation:

The cost of each stylus is

`(400)/(200) = 2` dollars

The selling price of each stylus is $6

Percent markup =

(Selling price - cost price)/cost price *100

`(6-2)/(2) *100\\2*100\\200`%

Percent markup is 200%