Question

a manufacturer makes hand-woven scarves for $10 and then ships them to retail boutiques around the country. the boutiques sell the scarves for $25. what percent markup do the boutiques charge their customers?

Answer 1

Answer:

The percentage markup do the boutiques charge their customer is 150%

Step-by-step explanation:

Given as :

The price for hand woven scarves = $ 10

The price of selling by  boutiques to customers = $ 25

Let The markup percentage = x

So ,  markup percentage = $\frac{selling price - cost price}{cost price}$ × 100

Here The value of selling price ( S.P ) = $ 25

And   The value of cost price  ( C .P ) = $ 10

So ,  x = $\frac{S.P - C.P}{C.P}$ × 100

Or ,  x =  $\frac{25 - 10}{10}$ × 100

Or,   x = $\frac{15}{10}$ × 100

Or,   x = 1.5 × 100

∴    Markup = 150% of cost of sales

Hence The percentage markup do the boutiques charge their customer is 150%    Answer