Question

A department store buys 400 shirts at a cost of ​$6,400 and sells them at a selling price of ​$20 each. Find the percent markup.

Answer 1

Answer:

$25 \%$

Step-by-step explanation:

The department store is buying each shirt for:

$\frac{6400}{400}=\ 16$ each.

Therefore, the percent markup is:

$100 \cdot \frac{20-16}{16}=\fbox{ 25\% }$.