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?

Answer 1

$2.70

Explanation:

Cost price = $6

Mark up percentage = 45%

Mark up amount = 45% × $6

= 0.45 × $6

= $2.70

Selling price = Mark up + cost price

= $2.70 + $6

= $8.70

Jermaine sells the shirts for $8.70 and makes a profit of $2.70.