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Sagot :
Answer:
There is a 25% markup
Step-by-step explanation:
First find the original cost of each shirt
$2400/ 100 shirts
$24/ shirt
Mark up = ( new price - original price) / original price
= ( 30-24) / 24
= 6/24
= 1/4
= .25
25%
There is a 25% markup
Answer:
percent markup = 25%
Step-by-step explanation:
buys 100 shirts = $2400
buys 1 shirt = $2400/ 100
= $24
sells 1 shirt = $30
percent markup:
=[ ( selling price - bought price) ÷ bought price ] × 100
= [ (30-24) ÷ 24 ] × 100
= [ 6 ÷ 24 ] × 100
= 0.25 × 100
= 25 %
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