Designs by Jared is a t-shirt company that sells custom designed items such as shirts, totes, jackets, etc. Typically t-shirts are marked up 90% based on cost, but Jared adjusts his prices throughout the year to reflect seasonal needs. a) If Jared purchases t-shirts for $3.24 a piece and the lettering costs $2.75 on average, what would be the regular selling price, assuming a 90% markup based on cost? b) If Jared thinks a 75% markup on cost is more appropriate for vehicle decals, what would be the selling prices on a decal that costs Jared $178 to make? Jared also runs a special on hats around the holidays. His special is 50% off a custom hat if the customer buys three custom mugs or insulated cups. Hats cost Jared $6.55 total to make, which includes purchase and printing costs. c) What would be the total price of purchasing a hat (assuming a 90% markup based on cost) if the customer did not purchase any mugs/cups?
Designs by Jared is a t-shirt company that sells custom designed items such as shirts, totes, jackets, etc. Typically t-shirts are
marked up 90% based on cost, but Jared adjusts his prices throughout the year to reflect seasonal needs.
a) If Jared purchases t-shirts for $3.24 a piece and the lettering costs $2.75 on average, what would be the regular selling price,
assuming a 90% markup based on cost?
b) If Jared thinks a 75% markup on cost is more appropriate for vehicle decals, what would be the selling prices on a decal that costs
Jared $178 to make?
Jared also runs a special on hats around the holidays. His special is 50% off a custom hat if the customer buys three custom mugs or
insulated cups. Hats cost Jared $6.55 total to make, which includes purchase and printing costs.
c) What would be the total price of purchasing a hat (assuming a 90% markup based on cost) if the customer did not purchase any
mugs/cups?
d) What would be the total price of the purchase if a customer purchased three mugs/cups and a hat, assuming the first cup costs
$7.20, the second costs $9.10, and the third costs $11.70, and all were marked up 90% based on cost?
e) Jared also has a clearance rack of items that are deemed imperfect. If the customer purchases a sweatshirt for $18.33 with a 30%
discount, a beanie for $13.75 with a 25% discount, and a bookbag for $28.56 with a 10% discount, what is the total purchase price?
How much did the customer save on the total purchase?
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