Question

A store buys 200 shirts at the cost of 1,600$ and sells them at 10$ . What the percent markup

Answer 1

25%

Explanation:

Cost of one short:

1600 : 200 = $8

8 + 8(x/100)= 10

800 + 8x= 1000

8x = 200

x = 25 %

Answer 2

25% markup

Explanation:

they bought 200 shirts for 1600, which is 8$ per shirt

if they sell then at 10$ they get 2 dollars profit.

if you do 2/8 you get 25%

Also 1/4 of 8$ is 2$ and that is what your profit is.