Question
Salid is selling a team jersey. The total variable cost is $16.50. The desired profit margin is 40 percent. Which is the correct price for an individual jersey?
Answers
GPT 3.5
To find the correct price for an individual jersey, we need to add the desired profit margin to the total variable cost.
The desired profit margin is 40% of the total variable cost, or 40/100 * $16.50 = $6.60.
Therefore, the correct price for an individual jersey would be $16.50 + $6.60 = $<<16.5+6.6=23.10>>23.10. Answer: \boxed{23.10}.
The desired profit margin is 40% of the total variable cost, or 40/100 * $16.50 = $6.60.
Therefore, the correct price for an individual jersey would be $16.50 + $6.60 = $<<16.5+6.6=23.10>>23.10. Answer: \boxed{23.10}.