Question

A department store buys 500 shirts at a cost of $3,500 and sells them at a selling price of $10 each. Find the percent markup.​

Answer 1

Answer: 30 percent.

Step-by-step explanation: First do 3,500 divided by 10 to find the cost of each shirt. Second subtract 7 from 10 which is 3. Then divide 3 by ten because you always divide by the amount being paid for. So 3 divided by 10 is .3 then multiply .3 by 100 which is 30 and that is your percent markup