Question

Derek bought a shirt from a store. The ordered price of the shirt was 23.98. He sold the shirt for $1175. Find the profit.

a) $1138.02
b) $1151.02
c) $1151.52
d) $1152.52

Answer 1

Derek's profit from selling the shirt was calculated by subtracting the original price of $23.98 from the selling price of $1,175, resulting in a profit of $1,151.02.

Step-by-step explanation:

To calculate the profit Derek made from selling the shirt, we need to subtract the original price of the shirt from the selling price. The original price of the shirt was $23.98 and he sold the shirt for $1,175. Therefore, the profit is calculated as follows:

Profit = Selling price - Original price

Profit = $1,175 - $23.98

Profit = $1,151.02

Hence, the correct answer is (b) $1,151.02.