At what markup percentage does a $15 event cap sell if a 20% discount is applied and the cost is $8?

To determine the markup percentage on a $15 event cap, first, you need to consider the selling price after applying a 20% discount.

Start by calculating the amount of discount on the original price of $15:

• The discount amount is 20% of $15, which equals $3 (0.20 x $15 = $3).

Next, subtract that discount from the original price to find the selling price:

• Selling Price = Original Price - Discount = $15 - $3 = $12.

Now that you have the selling price of $12, you can find the markup over the cost of the product. The cost is given as $8, so the markup amount is calculated as follows:

• Markup = Selling Price - Cost = $12 - $8 = $4.

To find the markup percentage, you divide the markup amount by the cost and then multiply by 100 to convert it into a percentage:

• Markup Percentage = (Markup / Cost) x 100 = ($4 / $8) x 100 = 50%.

Thus, the markup percentage on the cap, after considering the discount applied, is indeed 50%.