devililiana devililiana

08-06-2021
Mathematics

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A department store buys 100 shirts at a cost of $2000 and sells them at a selling price of $25 each. Find the percent markup.

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sreedevi102 sreedevi102

08-06-2021

Answer:

Mark up % = 25%

Step-by-step explanation:

Cost of 100 shirts = 2000

Cost of 1 shirt = 2000/100 = 20

Selling price of 1shirt = 25

[tex]\% mark \ up = \frac{selling \ price - cost \ price }{cost \ price } \times 100 = \frac{25- 20}{20}\times 100 = \frac{5}{20} \times 100 = 25 \%[/tex]

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