How Do You Calculate Profit from Selling T-Shirts?

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SUMMARY

The calculation of profit from selling T-shirts involves determining the revenue generated from sales and subtracting the initial investment. In this case, an investment of $180 was made to sell 26 T-shirts at a price of $10.25 each. The profit calculation is as follows: P = (10.25 * 26) - 180, resulting in a profit of $86.50. This calculation is confirmed as correct, demonstrating a clear understanding of profit as revenue minus costs.

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  • Basic understanding of profit calculation
  • Familiarity with revenue and cost concepts
  • Ability to perform basic arithmetic operations
  • Knowledge of investment principles
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This discussion is beneficial for entrepreneurs, small business owners, and anyone involved in retail sales who seeks to understand profit calculations and financial management.

mathdad
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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?
 
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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.
 

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