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)

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%