vasquezjeidy2008
vasquezjeidy2008 vasquezjeidy2008
  • 12-11-2020
  • Mathematics
contestada

A department store buys 500 shirts at a cost of ​$4000 and sells them at a selling price of ​$10 each. Find the percent markup.

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sqdancefan
sqdancefan sqdancefan
  • 12-11-2020

9514 1404 393

Answer:

  25%

Step-by-step explanation:

The markup is the difference between the selling price and the cost price.

  markup = (500)($10) - $4000 = $1000

Then the percent markup of the cost price is ...

  markup/(cost price) = $1000/$4000 × 100% = 25%

The percentage markup was 25%.

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