Question

Michelle paid $3.00 per shirt. When she sells each shirt, she adds 150% markup to the price she paid for the shirt. What is the selling price for each shirt?

Answer 1

Answer:

$8.50 per shirt

Step-by-step explanation:

If the shirt was $3 originally, and they added 150% markup, 100% of 3 is 3.

so a 100% markup of a $3 shirt would be 6 dollars.

But since she marked it up 150%, you have to know 50% of $3.  

50% of something is half, so

3 / 2 = 1.5

so ontop of the $3 extra, she adds $1.5, so

3 + 3 + 1.5 = 8.5

Michelle will sell the shirts for $8.50 each