Question

It costs $7.80 to manufacture screen printed t-shirts. Marcos wants to sell the t-shirts he makes at a mark-up, selling each for 110% of its manufacturing cost. What is the price of each t-shirt to customers?

Answer 1

Explanation:

If it costs $7.80 to manufacture the t-shirt, then a 110% markup would mean selling it for 1.1 times the manufacturing cost:

Price = 1.1 x $7.80 = $8.58

So Marcos should sell each t-shirt for $8.58 to customers.