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

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 :

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

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.

= 280%

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

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