A department store buys 200 shirts at a cost of $3,600 and sells them at a selling price of $20 each. Find the percent markup.

Given:

A department store buys 200 shirts at a cost of $3,600 and sells them at a selling price of $20 each.

To find:

The percent markup.

Solution:

A department store buys 200 shirts at a cost of $3,600. So, the cost price of each shirt is

So, the cost price(C.P.) is $18 each.

The selling price(S.P.) is $20 each.

Now,

Therefore, the markup percent is 11.11%.

54.864 meters

step-by-step explanation: