what is the selling price of each shirt?

Question

michelle ordered 200 t-shirts to sell at the school carnival. she paid $2.80 per shirt,plus 5% of the total order for shipping. when she sells each t-shirt at the carnival she adds a 150% markup to the total price she paid for the shirt (including the cost of shipping).

Answer 1

Hello Mallory

 

We have 200 shirts

Cost $2.80 each

plus a 5% charge for shipping.

 

Selling price

150% markup

 

Recall when we use percentages, we need to express them as decimals.

 

Michelle's cost for each shirt was

2.80 (1.05) = 2.94

 

The markup is

2.94 (1.50) = 4.41

 

The markup is added to the cost to get the final selling price.

 

2.94 + 4.41 = $7.35

 

Michelle will sell each shirt for $7.35.