In-class task #1
3. Chapter 2 – Question
Old Navy had $940 worth of orders for shirts. The prices for the shirts were categorized by style: $10 for tank tops, $14 for graphic tees, and $22 for polos. The number of polos ordered was one more than half the number of graphic tees, and the number of graphic tees ordered was eight less than twice the number of tank tops. Determine the number of each type of shirt ordered.
4. Chapter 3 – Question
Gross profit for March was three-fifths of net sales, and net income was two-sevenths of gross profit. Net income was $14200.
a) What was the gross profit for March?
b) What were net sales for March?