Question

A department store buys 500 shirts at a cost of ​$4000 and sells them at a selling price of ​$10 each. Find the percent markup.

Answer 1

25%

Explanation:

to find the original cost of a single shirt:

4000 / 500 = $8

how much did they markup:

10 - 8 = 2

percent markup:

2/8 = 0.25 x 100 = 25%