Question

A toy shop purchases 125 identical stuffed animals for a total cost of $312.50 and sells them for $7 each.What is the percent markup?

Answer 1

The number of identical stuffed animals given = 125.

The total purchase cost of the animals = $312.50.

Sellins price for each of them = $7.

So total selling price of 125 animals = $$(125)(7)$ = $$875$.

Now we have to find percentage markup.

The formula to find percent mark up is

= $(\frac{(selling price -cost price)}{cost price})(100)$%

= $(\frac{(875-312.50)}{312.50} )(100)$%

= $(\frac{562.50}{312.50} )(100)$%

= $(1.8)(100)$%

=$180$%

So we have got the required answer.

The percent mark up is 180%.

Answer 2

I feel like the answer is Answer:: 180%.