#8. the owner of a resale store buys used t - shirts from customers for $2.25 each. he then uses a percent…

#8. the owner of a resale store buys used t - shirts from customers for $2.25 each. he then uses a percent increase of 500 to resell the shirts. what is the price of a used t - shirt in this store?

#8. the owner of a resale store buys used t - shirts from customers for $2.25 each. he then uses a percent increase of 500 to resell the shirts. what is the price of a used t - shirt in this store?

Answer

Explanation:

Step1: Identify the original price and percentage increase

The original price of a used T - shirt is $2.25 and the percentage increase is 500%.

Step2: Convert the percentage to a decimal

To use the percentage in calculations, convert 500% to a decimal. $500%=\frac{500}{100}=5$.

Step3: Calculate the amount of increase

The amount of increase is found by multiplying the original price by the decimal equivalent of the percentage increase. So, the increase amount $=2.25\times5 = 11.25$.

Step4: Calculate the new price

The new price of the T - shirt is the sum of the original price and the increase amount. New price $=2.25 + 11.25=13.5$.

Answer:

$13.5$