Answer:
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%
