A store owner purchases 40 shirts for $600. She then adds 40% to her cost and then tags each shirt with the new selling price. How much profit does she earn on each shirt?
2 answers
A store owner purchases 40 shirts for $600. She then adds 40% to her cost and then tags each shirt with the new selling price. How much profit does she earn on each shirt?
40 shirts for $600 ... $15 each
40% markup ... .40 * 15 = 6
new selling price ... 15 + 6 = $21 ... $6 profit
40% markup ... .40 * 15 = 6
new selling price ... 15 + 6 = $21 ... $6 profit