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

2 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: $____

2 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 for 200 shirts, so the total cost of the shirts is $2.80×200 = $560. The shipping cost is 5% of the total order cost. 5% of $560 is $560×0.05=$28. The total cost of the order is $560 + 28=$588. The cost per - shirt including shipping is $\frac{588}{200}=2.94$.

Step2: Calculate the selling price with markup

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

Answer:

$7.35