Question

a department store buys 500 shirts at the cost of $8,000 and sells them at a selling price of $20 each. find the percent markup

Answer 1

Answer:

25%

Step-by-step explanation:

$8000/500 = $16

Each shirt cost $16

$20 - $16 = $4

$4/$16 × 100% = 25%

The markup is 25%