Roberto wants to raise money for new equipment by selling T-shirts. He pays $5.00 for each T-shirt and needs to raise $450. If 7 5 students order T-Shirts, by what percent must roberto markup the T-shirts to raise $450?
1 answer:
Answer: Mark up percent = 20%
Step-by-step explanation:
Given: Cost price of each T-shirt = $5.00
Amount required = $450
Total students = 75
Market price for each T-shirt to raise the required amount = (Amount required ) ÷ 75
= $450 ÷ 75
= $ 6
Mark up percent =
Hence, Mark up percent = 20%
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