Question

Michelle ordered 200 T-shirts att 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. What is the selling price of each T-shirt?​

Answer 1

Explanation:

Total number of T-shirts= 200

Cost per T-shirt (without shipping ) = $2.80

Shipping cost per t-shirt ; 5% of a T-shirt = 0.05 *2.80 = $0.14

Total cost of T-shirt (shipping included) = 2.80 +0.14 = $2.94

Markup = 150% of total cost = 1.50 * 2.94 = $4.41

To get the price at which Michelle will sell each T-shirt , add total cost to the markup; 2.94 +4.41 = 7.35.

Therefore, selling price will be $7.35