a department store buys 300 shirts at a cost of 1800 and sells them for $10 each. find the percent markup rounded to the nearest
2 answers:
Answer: 67%
Step-by-step explanation:
Given : A department store buys 300 shirts at a cost of $1800 .
Then By unitary method , the cost of one shirt = Cost of 300 shirts divided by 300
= $1800 ÷ 300 = $6
i.e. cost of one shirt = $6
Also, Selling price of one shirt = $10
Price mark up = Selling price - Cost price
= $10-$6 = $4
The percent mark up=
(<em>rounded to the nearest percent</em>)
Hence, the percent markup = 67%
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the equation in vertex form is y=a(x-12)²+6
next, find a by using either one of the two points, the starting point (0,0) or the end point (0,24). obviously (0,0) is easier to calculate:
0=a(0-12)² +6
a=-1/24
so the quadratic equation is y=-