Question

The owner of a resale store buys used t-shirts from customers for $2.50 each. He then resells the t-shirts for 500% of the amount he paid for them. What is the price of a used t-shirt in this store?

Answer 1

The resale price of a t-shirt bought for $2.50 and sold for 500% of the purchase price is $12.50.the resale price of the t-shirt is calculated as follows:

Step-by-step explanation:

The student has asked about the resale price of a t-shirt that is bought for $2.50 and resold for 500% of the amount it was purchased for. To calculate the resale price, you multiply the original price by 500% (or 5, since 500% is the same as 5 times the original amount). Therefore, the resale price of the t-shirt is calculated as follows:

$2.50 × 5 = $12.50Thus, the price of a used t-shirt in this store is $12.50.To find the price of a used t-shirt in the store, we need to calculate 500% of the amount the owner paid for it. Since the owner buys t-shirts from customers for $2.50 each, we can calculate 500% of $2.50.500% of $2.50 is calculated as: 500/100 * $2.50 = $12.50Therefore, the price of a used t-shirt in the store is $12.50.The student has asked about the resale price of a t-shirt that is bought for $2.50 and resold for 500% of the amount it was purchased for. To calculate the resale price, you multiply the original price by 500% (or 5, since 500% is the same as 5 times the original amount). Therefore, the resale price of the t-shirt is calculated as follows: