Question

a department store buys 200 shirts at a cost of $4,800 and sells them at a selling price of $30 each. find the percent markup. the percent markup is \\(\square\\)% (round to the nearest whole number as needed.)

Explanation:

Step1: Calculate total selling price

The store buys 200 shirts and sells each at $30. So total selling price is \( 200\times30 = 6000 \) dollars.

Step2: Calculate cost price

The cost price for 200 shirts is $4800.

Step3: Calculate markup amount

Markup amount = Selling price - Cost price = \( 6000 - 4800 = 1200 \) dollars.

Step4: Calculate percent markup

Percent markup is calculated as \( \frac{\text{Markup amount}}{\text{Cost price}}\times100 \). So \( \frac{1200}{4800}\times100 = 25 \) %.

Answer:

25