12. a department store buys 300 shirts at a cost of $1,800 and sells them for $10 each. find the percent…

12. a department store buys 300 shirts at a cost of $1,800 and sells them for $10 each. find the percent markup rounded to the nearest percent.

12. a department store buys 300 shirts at a cost of $1,800 and sells them for $10 each. find the percent markup rounded to the nearest percent.

Answer

Explanation:

Step1: Calculate cost per - shirt

The cost of 300 shirts is $1800. So the cost per - shirt, $c=\frac{1800}{300}=6$ dollars.

Step2: Calculate the markup amount per - shirt

The selling price per - shirt, $s = 10$ dollars. The markup amount per - shirt, $m=s - c=10 - 6 = 4$ dollars.

Step3: Calculate the percent markup

The percent markup formula is $\text{Percent Markup}=\frac{m}{c}\times100%$. Substitute $m = 4$ and $c = 6$ into the formula: $\text{Percent Markup}=\frac{4}{6}\times100%=\frac{200}{3}% \approx 67%$.

Answer:

67%