How Do You Calculate Profit from Selling T-Shirts?

  • Context: MHB 
  • Thread starter Thread starter mathdad
  • Start date Start date
Click For Summary

Discussion Overview

The discussion revolves around calculating profit from selling T-shirts, focusing on a specific scenario where an investment is made, and shirts are sold at a set price. The scope includes mathematical reasoning related to profit calculation.

Discussion Character

  • Mathematical reasoning

Main Points Raised

  • One participant presents a formula for calculating profit based on the selling price of T-shirts, the number sold, and the initial investment.
  • Some participants confirm the correctness of the profit calculation provided by the first participant, agreeing that profit is revenue minus costs.
  • Another participant expresses a desire for clarification on additional questions they believe were posted.

Areas of Agreement / Disagreement

There is agreement among some participants regarding the correctness of the profit calculation, but there is uncertainty about the existence and content of other questions mentioned by one participant.

Contextual Notes

The discussion does not address any assumptions or limitations related to the profit calculation, nor does it clarify the additional questions referenced.

mathdad
Messages
1,280
Reaction score
0
You invest in a company that purchases T-shirts and resells them for a profit. You invest 180 dollars and sell each shirt for 10.25. If you sell 26 shirts, what is your profit?

My Work:

Let P = profit

P = (price of each shirt)(total amount of shirts sold) - (amount invested)

P = (10.25)(26) - 180

P = 266.50 - 180

P = $86.50

Is this correct?
 
Mathematics news on Phys.org
Yes, profit is revenue less costs, and you seem to have computed this correctly. (Yes)
 
MarkFL said:
Yes, profit is revenue less costs, and you seem to have computed this correctly. (Yes)

Thank you. How about the other questions posted?
 
What other questions?
 
HallsofIvy said:
What other questions?

I posted about 3 more questions. I want to know if my work is correct.
 

Similar threads

MHB Calculate Selling Price for Cucumbers inc. VAT (42% Profit Margin)
  • · Replies 1 ·
Replies
1
Views
2K
MHB How Many Dogs Did the Pet Store Sell in March?
  • · Replies 3 ·
Replies
3
Views
2K
MHB How Do You Calculate Profit from Selling Oranges by the Box?
  • · Replies 3 ·
Replies
3
Views
3K
MHB Expected number of sold books and profit
  • · Replies 5 ·
Replies
5
Views
1K
MHB How Can Terrific Wears Inc. Maximize Revenue and Profit from Suit Sales?
  • · Replies 3 ·
Replies
3
Views
4K
MHB Help me with profit maximizing level of output
  • · Replies 3 ·
Replies
3
Views
4K
MHB Did John Profit from His Apple Sales Strategy?
  • · Replies 1 ·
Replies
1
Views
4K
MHB What Is the Profit Percentage After Adjusting Travel Costs and Sale Gains?
  • · Replies 1 ·
Replies
1
Views
2K
How Do You Calculate Probabilities for Different Sizes and Types of Shirts?
  • · Replies 6 ·
Replies
6
Views
2K
MHB Which Catering Service Maximizes Charity Profit for a Business Banquet?
  • · Replies 2 ·
Replies
2
Views
7K