A department store buys 200 shirts at a cost of $5,400 and sells them at a selling
price of $30 each. Find the percent markup.
The percent markun ico


please help

Answers

Answer 1

Number of shirts a department store bought = 200

Cost price of 200 shirts = $5400

Cost price of 1 shirt :

[tex] =\tt \frac{5400}{200} [/tex]

[tex]\color{plum} =\tt \$27[/tex]

Thus, the cost price of one shirt = $27

Price at which the department store sold each shirt = $30

Which means :

▪︎Cost price of shirt = $27

▪︎Selling price of shrit = $30

Since selling price is greater than cost price, there was a markup in the price of the shirts.

We know that :

[tex] \color{hotpink}\tt \: markup \: percentage = \color{plum} \frac{selling \: price - cost \: price}{cost \: price } \times 100[/tex]

Markup percentage in the price of the shirts :

[tex] = \tt \frac{30 - 27}{27} \times 100[/tex]

[tex] = \tt \frac{3}{27} \times 100[/tex]

[tex] = \tt \frac{3 \times 100}{27} [/tex]

[tex] = \tt \frac{300}{27} [/tex]

[tex] \color{plum} = \tt11.1 \%[/tex]

Thus, the percentage of markup = [tex] \tt 11.1 \% [/tex]

Therefore, the percentage of markup in the shirt's price = [tex] \color{hotpink} \tt11.1 \% [/tex]

Answer 2

Answer:

11.11%

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Answers

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Answers

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Algebra I

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Answers

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3
2
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https://brainly.com/question/27911936

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Answers

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Answer:

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