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

To find the percent markup, we first need to determine the cost price per stuffed animal, the selling price per stuffed animal, and then we can calculate the markup.

1. **Calculate the cost price per stuffed animal:**

\[
\text{Cost Price} = \frac{\text{Total Cost}}{\text{Number of toys}} = \frac{312.50}{125}
\]
\[
\text{Cost Price} = 2.50
\]

2. **The selling price per stuffed animal is given as $7.**

3. **Calculate the markup:**

\[
\text{Markup} = \text{Selling Price} - \text{Cost Price} = 7 - 2.50 = 4.50
\]

4. **Calculate the percent markup:**

\[
\text{Percent Markup} = \left(\frac{\text{Markup}}{\text{Cost Price}}\right) \times 100 = \left(\frac{4.50}{2.50}\right) \times 100
\]
\[
\text{Percent Markup} = 1.8 \times 100 = 180\%
\]

Therefore, the percent markup is **180%**.