supreme sells their latest long sleeve t shirt for 60$. it actually cost the company 15$ to have the t shirt made in China. what is the precent mark-up on the t shirt?

To calculate the percent markup on the T-shirt, you can use the following formula:

\[
\text{Percent Markup} = \left(\frac{\text{Selling Price} - \text{Cost Price}}{\text{Cost Price}}\right) \times 100
\]

Here:
- The **Selling Price** is \$60.
- The **Cost Price** is \$15.

Substituting the values into the formula:

\[
\text{Percent Markup} = \left(\frac{60 - 15}{15}\right) \times 100
\]

Now, let's calculate it.The percent markup on the T-shirt is **300%**.

Would you like further details or have any questions? Here are five related questions to expand on this:

1. What would the percent markup be if the selling price was $75?
2. How much profit does Supreme make per T-shirt?
3. How would the markup change if production costs increased to $20?
4. What is the relationship between markup and profit margin?
5. How does the markup percentage affect the overall business strategy?

**Tip:** Percent markup and profit margin are related but not the same. It's important to know which one you're calculating in business.

Learn how to calculate the percent markup on a Supreme T-shirt sold for $60, with a cost price of $15. This problem involves basic arithmetic and the percent markup formula, making it suitable for students in Grades 6-8.

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