Question

Find the percent of markup on a T-shirt that has a store cost of $4.87 and a selling price of $15.95

Answer 1

69.47%

Explanation:

Calculation to determine Find the percent of markup

Using this formula

Percent of markup=New price-Old price/Old price

Let plug in the formula

Percent of markup=$15.95-$4.87/$15.95

Percent of markup=$11.08/$15.95

Percent of markup=0.6947*100

Percent of markup=69.47%

Therefore the percent of markup is 69.47%