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?

Answer 1

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}.