What is the percent markup based on cost for the shirts in the previous question? (Round percent to the nearest tenth.)
I got .72%
What is the percent markup based on selling price for the Western Wear shirts? (Round percent to the nearest tenth.)
Incomplete.
To calculate the percent markup based on cost, we can use the following formula:
Percent Markup based on Cost = (Mark Up / Cost) * 100
In the previous question, we found that the markup on the shirts was $3 and the cost was $415.
Using this information, let's calculate the percent markup based on cost:
Percent Markup based on Cost = (3 / 415) * 100
Percent Markup based on Cost ≈ 0.7% (rounded to the nearest tenth)
Alternatively, to calculate the percent markup based on selling price, we can use the following formula:
Percent Markup based on Selling Price = (Mark Up / Selling Price) * 100
Since the selling price was given as $680, and the markup on the shirts was $3, we can calculate the percent markup based on selling price:
Percent Markup based on Selling Price = (3 / 680) * 100
Percent Markup based on Selling Price ≈ 0.4% (rounded to the nearest tenth)
To find the percent markup based on cost, you need to first calculate the markup amount and then divide it by the cost.
To calculate the markup amount, subtract the cost from the selling price. In the previous question, the selling price of the shirts was not given, so you might need to provide that information.
Once you have the markup amount, divide it by the cost and multiply by 100 to get the percentage markup. Round the answer to the nearest tenth.
For the percent markup based on selling price, you need to first calculate the markup amount and then divide it by the selling price.
To calculate the markup amount, subtract the cost from the selling price, as mentioned earlier.
Once you have the markup amount, divide it by the selling price and multiply by 100 to get the percentage markup. Round the answer to the nearest tenth.
Please provide the necessary information, such as the selling price, to further assist you in getting the accurate answers.