a department store buys 300 shirts at a cost of 3600 and sells them at a selling price of $20 each find the percent markup

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KorenD114728 KorenD114728 · Answer 1 · 2022-10-30T21:02:18+01:00

We have the following:

To find the percent markup, we must calculate the profits, knowing that there are 300 shirts and they sell them for a total of $ 20

[tex]300\cdot20=6000[/tex]

Now we subtract from what was initially spent and then divide by that same amount and multiplying by 100 we will know the percent markup

[tex]\frac{6000-3600}{3600}\cdot100=66.67\cong67[/tex]

Which means that the percent markup is 67%