Problema Solution
Wyatt’s Western Wear purchases shirts for $47.50 each. A $34.00 markup is added to the shirts. What is the selling price? What is the percent markup based on cost for the shirts?What is the percent markup based on selling price for the Western Wear shirts?
Answer provided by our tutors
To get the selling price
Subract 34.00 from 47.50
the selling price for the shirts is $13.50
To get the percentage of the markup
take 34 and divide by 100
The mark up is 0.34%