2 years ago

A department store buys 300 shirts at a cost of $2,400 and sells them at a selling price of $10 each. Find the percent markup.

Mathematics

1 answer:

Solnce55 [7]2 years ago

4 0

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=

(rounded to the nearest percent)

Hence, the percent markup = 67%

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