Question

A department store buys 400 shirts at a cost of $2,800 and sells them at a selling price of $10 each. Find the percent markup.

The percent markup is%. (Round to the nearest whole number as needed.)

Answer 1

Answer: 43%

Explanation:

First, take 2800 divided by 400 = $7 for each shirt

Then take 10-7 = $3, this is the markup price

Then take 3 divided by 7, then times 100% = 42.8%

Round to the nearest whole number will be 43%