Question

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.

Answer 1

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 \%`