The Amusement Park bought 1200 t-shirts auctioned off en bloc for $6600.00. This means that each t-shirt has the same cost. On inspection, the t-shirts were classified as normal quality, seconds, and substandard. The 640 normal quality t-shirts were sold at a markup of 95% of cost, the 330 t-shirts classified as seconds were sold at a markup of 35% of cost, and the t-shirts classified as substandard were sold at 47% of their cost. What was the unit price at which each of the three classifications was sold?

Question

Quizplus · Accepted Answer

Each t-shirt cost $5.50 ($6600/1200). Normal quality t-shirts were sold at $10.73 ($5.50 + 95% of $5.50), seconds at $7.43 ($5.50 + 35% of $5.50), and substandard at $2.59 (47% of $5.50).

The Amusement Park Bought 1200 T-Shirts Auctioned Off En Bloc