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Tommy started a business selling hats. He spent $\$150$ on supplies and sells the hats at $\$8$ each.

Which one of the following equations shows the amount of money Tommy has gained or lost based on how many hats he has sold?

A

$y=8x+150$

B

$y=1200x$

C

$y=150-8x$

D

$y=8x-150$

E

$y=150x-8$

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