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3 years ago

A department store buys 100 shirts at a cost of $2,400 and sells them at a selling price of $30 each.

Mathematics

2 answers:

Roman55 [17]3 years ago

8 0

Answer:

percent markup = 25%

Step-by-step explanation:

buys 100 shirts = $2400

buys 1 shirt = $2400/ 100

= $24

sells 1 shirt = $30

percent markup:

=[ ( selling price - bought price) ÷ bought price ] × 100

= [ (30-24) ÷ 24 ] × 100

= [ 6 ÷ 24 ] × 100

= 0.25 × 100

= 25 %

Kamila [148]3 years ago

3 0

Answer:

There is a 25% markup

Step-by-step explanation:

First find the original cost of each shirt

$2400/ 100 shirts

$24/ shirt

Mark up = ( new price - original price) / original price

= ( 30-24) / 24

= 6/24

= 1/4

= .25

25%

There is a 25% markup

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