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A department store buys 100 shirts at a cost of $2000 and sells them at a selling price of $25 each. Find the percent markup.

1 Answer

3 votes

Answer:

Mark up % = 25%

Explanation:

Cost of 100 shirts = 2000

Cost of 1 shirt = 2000/100 = 20

Selling price of 1shirt = 25


\% mark \ up = (selling \ price - cost \ price )/(cost \ price ) * 100 = (25- 20)/(20)* 100 = (5)/(20) * 100 = 25 \%

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