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.
1 answer:
Answer:
25%
Step-by-step 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%
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