Question

The soccer team boughtt-shirts at cost for $7.50. They want to sellthem as a fundraiser for between $11.00 and $15.00. What percent increase could they charge?

Answer 1

47% or 100%

Explanation:

Step one:

given data

cost of T-shirt = $7.50

they could sell for either $11.00 and $15.00.

Required

The percent increase in the price

% increase = (cost-sales)price/cost price

% increase = (7.5-11)/7.5*100

% increase = 3.5/7.5*100

% increase = 0.47*100

% increase =47%

OR

% increase = (7.5-15)/7.5*100

% increase = 7.5/7.5*100

% increase = 7.5/7.5*100

% increase =1*100

% increase =100%

The increase could be 47% or 100%