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Cool Cat's is able to buy a style of t-shirt at $9.99$9.99 with $1.56$1.56 for transport costs and $5.12$5.12 for import costs (all per shirt) from a supplier in China and then sell it on to the public for $68.49$68.49 each. What is the profit Cool cats is making off of each t-shirt sale? Write appropriate units with your answer.

Question

Cool Cat's is able to buy a style of t-shirt at 9.999.999.99 with 1.561.561.56 for transport costs and 5.125.125.12 for import costs (all per shirt) from a supplier in China and then sell it on to the public for 68.4968.4968.49 each. What is the profit Cool cats is making off of each t-shirt sale? Write appropriate units with your answer.

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Solution

To calculate the profit, we need to subtract the total cost of the t-shirt (including transport and import costs) from the selling price.

The total cost of the t-shirt is 9.99(purchaseprice)+9.99 (purchase price) + 1.56 (transport costs) + 5.12(importcosts)=5.12 (import costs) = 16.67.

The selling price of the t-shirt is $68.49.

So, the profit Cool Cats is making off of each t-shirt sale is 68.49(sellingprice)68.49 (selling price) - 16.67 (total cost) = $51.82.

Therefore, Cool Cats is making a profit of $51.82 per t-shirt.

This problem has been solved

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