Question

Jermaine buys T-shirts for $6 each and marks up the price by 45%.

How much profit does Jermaine make for each T-shirt sold? Enter your answer in the b​

Answer 1

Explanation:

Marked price =$6=100%

Selling price =?=100%+45%

If 100%=6

What about 100+45%=145

=145×6÷100=8.7

Selling price is 8.7-6=2.7

Answer 2

Profit = $2.7

Explanation:

Cost price of each T-shirt = $6

Mark up the price by 45%

i.e 45% of cost price

= 45/100 * 6

= 0.45 * 6 = $2.7

Selling price = cost price + mark up

Selling price = $6 + $2.7 = $8.7

Profit = selling price - cost price

Profit = $8.7 - $6.0 = $2.7

Therefore:

Jermaine would make $2.7 profit for each T-shirt sold.