A department store buys 100 shirts at a cost of $600 and sells them at a selling price of $10 each
Find the percent markup.
The percent markup is%.

Respuesta :

Answer

66.5%

Step-by-step explanation:

The markup percent is 66.7%

The first step is to calculate the unit cost

= Cost of the shirt/quantity of shirt

= 600/100

= 66

The percent mark up can be calculated as follows

= 100 × (new price-old price/old price)

= 100 × (10-6)/6

= 100 × 4/6

= 100 × 0.666

= 66.7

Hence the markup percent is 66.7%

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