Slope, found using the points is -55/11 = -5
We use that for the equation y=mx+b where m=-5. Since we also know one of the points, we can plug that in and find b
-12=-5(4)+b
-12=-20+b
8=b
So the equation of the line is y=-5x+8
Answer: The markup on the T-shirts is $ 13.50.
Step-by-step explanation:
- Markup is the difference between the selling price of a product and cost price.
Given : The cost price of each t-shirt = $1.50
The selling price of each t-shirt = $15
Then ,the markup on the T-shirts = (Selling price of each t-shirt) -( Cost price of each t-shirt)
i.e. The markup on the T-shirts = $15- $1.50= $ 13.50
Hence, the markup on the T-shirts is $ 13.50.
