What is the solution to the inequality?
2 answers:
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The percent markup is 11.11 %
<em><u>Solution:</u></em>
Given that, the store buys 100 shirts at a cost of $ 2700
Let us find the cost of 1 shirt
The store sells them at $ 30 each
Therefore,
Cost price of 1 shirt = $ 27
Selling price of 1 shirt = $ 30
Markup price = Selling price - Cost price
Markup price = 30 - 27
Markup price = 3
Thus markup price is $ 3
<em><u>The percent markup is given as:</u></em>
Thus the percent markup is 11.11 %