Question

Blair purchases the T-shirts from Company B. She needs to add a 75markup to her total cost to make a profit when she sells the shirts at thcarnival. How should Blair determine the selling price of each T-shirt athe carnival?Drag a number into each box to make the statements true.She canThe total cost Blair paid for one T-shirt is $calculate the markup by multiplying her total cost byBlair will sell each T-shirt at the carnival for $

Answer 1

`\text{ markup \% = }\frac{\text{ selling price - cost}}{\text{ cost}}\cdot100`

Isolating selling price,

`\begin{gathered} \frac{\text{ markup \% }}{100}\text{= }\frac{\text{ selling price - cost}}{\text{ cost}} \\ \frac{\text{ markup \% }}{100}\cdot\cos t=\text{selling price - cost} \\ \frac{\text{ markup \% }}{100}\cdot\cos t+cost=\text{selling price} \\ \cos t(\frac{\text{ markup \% }}{100}+1)=\text{ selling price} \end{gathered}`

The markup is 75 %. Supposing that the cost of a T-shirt is $6.00, then the selling price will be:

`\begin{gathered} \text{selling price = 6.00}\cdot((75)/(100)+1) \\ \text{selling price = 6.00}\cdot(0.75+1) \\ \text{selling price = 6.00}\cdot1.75 \\ \text{selling price = \$}10.5 \end{gathered}`