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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?

Respuesta :

SvetlanaM
312.50 ÷ 125 = 2.5$ - the cost of 1 stuffed animal.
7 ÷ 2,5 * 100% = 280%
280% - 100% = 180% - percent markup.
Answer:: 180%.

Total cost of stuffed animals purchased by the toy shop is $312.50 and sells them for $7 each. So, the percent markup is 180%.

Given :

  • Number of identical stuffed animal toys = 125.
  • Total cost for puchasing 125 toys = $312.50.
  • Toy shop sells each toy at a price of $7.

To find the percent markup first we have to find the cost of each toy purchased by the toy shop.

[tex]\dfrac{312.50}{125}= 2.5[/tex]

So the cost of one animal toy is $2.5.

Now, divide $7 by $2.5 and than multiply the result by 100 to convert it into percentage.

[tex]= \dfrac{7}{2.5}\times 100 %[/tex]

= 280%

Therefore the percent markup = 280 - 100 = 180%.

For more information, refer the link given below

https://brainly.com/question/2263981