Question

Okolona College ordered jerseys to sell at the homecoming game. The college paid $9.25 each for 225 jerseys. Each jersey was sold for $15.75. what was the percent of markup for each jersey. How much profit was made if all of the jerseys were sold?

Answer 1

Answer:

The profit is $1462.50

Step-by-step explanation:

If Okolona college ordered 225 jersey at $9.25

Cost price = $9.25*225

= $2081.25

Selling price = $15.75*225

= $3543.75

Profit = Selling price - cost price

Profit = $3543.75 - $2081.25

Profit = $1462.50