Lois will sell her tee-shirt for $13.20
The percentage profit = [tex]\frac{profit}{cost price}[/tex] × 100
Profit = Selling price - cost price
Cost price is the total amount expended in making the tee-shirts
cost price includes cost of buying blank shirt , cost of fabric paint and amount Lois pay herself
cost of buying blank shirt = $1
cost of fabric paint = $1
amount Lois pay herself = [tex]1\frac{1}{2}[/tex] x $6
[tex]\frac{3}{2}[/tex] x $6 = $9
Total cost price = $1 + $1 + $9 = $11
0.2 = [tex]\frac{profit}{11}[/tex]
profit = 11 x 0.2 = $2.2
$2.20 = selling price - $11
selling price = $11 + 2.20 = $13.20
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