Question

a clothing store bought a shirt for the price of $10 and sold it at the selling price of $21.50. find the percent markup

Answer 1

Buying price of store = $10

the selling price of $21.50.

So the percent markup:

$\begin{gathered} PM=\frac{21.5-10}{21.5}\times100 \\ PM=\frac{11.5}{21.5}\times100 \\ PM=53.48 \end{gathered}$

So the percent markup is 53.48%