MHB How Do You Calculate Profit from Selling T-Shirts?

[mathdad]

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?

 

[MarkFL]

Yes, profit is revenue less costs, and you seem to have computed this correctly. (Yes)

 

[mathdad]

Yes, profit is revenue less costs, and you seem to have computed this correctly. (Yes)

Thank you. How about the other questions posted?

 

[HallsofIvy]

What other questions?

 

[mathdad]

What other questions?

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