Question

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 percent

Answer 1

1800/300 = $6 a shirt
If they're being sold for $10

10/6 =5/3
=1.666
x100
=166.66% markup

Answer 2

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=$\dfrac{\text{Mark up}}{\text{Cost price}}\times100$

$=\dfrac{4}{6}\times100=66.66666\%\approx67\%$ (rounded to the nearest percent)

Hence, the percent markup = 67%