1. a store bought shirts for $5.75 each. if they want to make 65% profit on selling them what should the…

1. a store bought shirts for $5.75 each. if they want to make 65% profit on selling them what should the selling price be?

1. a store bought shirts for $5.75 each. if they want to make 65% profit on selling them what should the selling price be?

Answer

Explanation:

Step1: Calculate the profit amount

To find the profit, we calculate 65% of the cost price. The cost price per shirt is $5.75. The formula for profit is ( \text{Profit} = \text{Cost Price} \times \text{Profit Percentage} ). So, ( 5.75 \times 0.65 ) (since 65% = 0.65). ( 5.75 \times 0.65 = 3.7375 )

Step2: Calculate the selling price

The selling price is the cost price plus the profit. So, ( \text{Selling Price} = \text{Cost Price} + \text{Profit} ). ( 5.75 + 3.7375 = 9.4875 )

Answer:

The selling price should be $9.49 (rounded to the nearest cent) or $9.4875.