michelle ordered 200 t - shirts to sell at the school carnival. she paid $2.80 per shirt, plus 5% of the…

michelle ordered 200 t - shirts to sell at the school carnival. she paid $2.80 per shirt, plus 5% of the total order for shipping. when she sells each t - shirt at the carnival, she adds a 150% markup to the total price she paid for the shirt (including the cost of shipping). what is the selling price of each t - shirt? show your work. answer: $____

michelle ordered 200 t - shirts to sell at the school carnival. she paid $2.80 per shirt, plus 5% of the total order for shipping. when she sells each t - shirt at the carnival, she adds a 150% markup to the total price she paid for the shirt (including the cost of shipping). what is the selling price of each t - shirt? show your work. answer: $____

Answer

Explanation:

Step1: Calculate total cost per - shirt including shipping

The cost of each shirt is $2.80. The total order is 200 shirts, so the cost of the order without shipping is $2.80×200 = $560. The shipping cost is 5% of the total order cost. The shipping cost for the whole order is 0.05×560 = $28. The shipping cost per shirt is $\frac{28}{200}=0.14$. The total cost per shirt including shipping is $2.80 + 0.14=2.94$.

Step2: Calculate the selling price per - shirt

She adds a 150% markup to the total price she paid for the shirt (including shipping). A 150% markup means she multiplies the cost by (1 + 1.5). The selling price per shirt is $2.94×(1 + 1.5)=2.94×2.5 = 7.35$.

Answer:

$7.35