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The manufacturer cost for 12 shirts is 120 What should the selling price of each shirt be if you want a 40% markup? B. 10 C. 12 D. 14

Problemas

The manufacturer cost for 12 shirts is
 120
What should the selling price of each shirt be if you want a
40%  markup?
B. 10
C. 12
D. 14

The manufacturer cost for 12 shirts is 120 What should the selling price of each shirt be if you want a 40% markup? B. 10 C. 12 D. 14

Solución

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Damiánmaestro · Tutor durante 5 años
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the selling price of each shirt with a 40% markup, we first need to calculate the cost per shirt and then add the markup to it.<br /><br />1. **Calculate the cost per shirt:**<br /> \[<br /> \text{Cost per shirt} = \frac{\$120}{12} = \$10<br /> \]<br /><br />2. **Calculate the markup amount:**<br /> \[<br /> \text{Markup amount} = 40\% \text{ of } \$10 = 0.40 \times \$10 = \$4<br /> \]<br /><br />3. **Add the markup amount to the cost per shirt to get the selling price:**<br /> \[<br /> \text{Selling price} = \$10 + \$4 = \$14<br /> \]<br /><br />Therefore, the selling price of each shirt should be $\$14$.<br /><br />The correct answer is:<br />D. $\$14$
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