09.04.2023

A department store buys 300 shirts at a cost of $3,600 and sells them at a selling price of $20 each. Find the percent markup. The percent markup is 1%. (Round to the nearest whole number as needed)

. 0

Step-by-step answer

24.06.2023, solved by verified expert
Unlock the full answer
1 students found this answer . helpful

40%

Step-by-step explanation:

A department store buys 300 shirts at a cost of $3,600 and sells them at a selling price of $20 each. Find the percent markup.

The formula for Percent Markup is given as:

Selling price - Cost price/Cost price × 100

Cost price = $3,600

Selling price = $20 × 300 shirts

= $6000

Percent Markup = $6000 - $3600/6000 × 100

= 2400/6000 × 100

= 40%

The percent Markup is 40%

It is was helpful?

Faq

Mathematics
Step-by-step answer
P Answered by PhD

40%

Step-by-step explanation:

A department store buys 300 shirts at a cost of $3,600 and sells them at a selling price of $20 each. Find the percent markup.

The formula for Percent Markup is given as:

Selling price - Cost price/Cost price × 100

Cost price = $3,600

Selling price = $20 × 300 shirts

= $6000

Percent Markup = $6000 - $3600/6000 × 100

= 2400/6000 × 100

= 40%

The percent Markup is 40%

Mathematics
Step-by-step answer
P Answered by PhD

SI=(P*R*T)/100

P=2000

R=1.5

T=6

SI=(2000*1.5*6)/100

=(2000*9)/100

=180

Neil will earn interest of 180

Mathematics
Step-by-step answer
P Answered by PhD

Cost of 7 gallons=$24.50

Cost of 1 gallon=24.50/7=3.5

Cost of 15 gallons=15*3.5=52.5

Cost of 15 gallons will be $52.5

Mathematics
Step-by-step answer
P Answered by PhD

For 1 flavor there are 9 topping

Therefore, for 5 different flavors there will be 5*9 choices

No of choices= 5*9

=45 

Mathematics
Step-by-step answer
P Answered by PhD

The answer is in the image 

The answer is in the image 
Mathematics
Step-by-step answer
P Answered by PhD

For every 8 cars there are 7 trucks

Therefore,

Cars:Truck=8:7

Answer is B)8:7

Mathematics
Step-by-step answer
P Answered by PhD

The solution is in the following image

The solution is in the following image
Mathematics
Step-by-step answer
P Answered by PhD
The answer is in the image 

The answer is in the image 

Try asking the Studen AI a question.

It will provide an instant answer!

FREE