SOLUTION: a dealer purchased tee shirts at $2.40 each and sold them for $4.25 each. his overhead was $0.60 per shirt. how much money did he make on each shirt?

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Question 152306: a dealer purchased tee shirts at $2.40 each and sold them for $4.25 each. his overhead was $0.60 per shirt. how much money did he make on each shirt?

Answer by orca(409) About Me  (Show Source):
You can put this solution on YOUR website!
The total costs are the purchasing price plus overhead.
So the total cost is $2.40 + $0.60 = $3.
The net profit is
$4.25 - $3
= $1.25