A jeweler who buys a ring from a jewelry maker for $125 marked with the price by 135% for sale in the store what is the selling price of the ring with 7.5 sales tax

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asked Jul 18, 2017 116k views

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Osrl · Answer 1 · 2017-07-24T02:34:15+0000

marked up by 135% means
new price=original price+(original price times markup) =125+(125 times 1.35)=293.75
tax
293.75 times 0.075=22.03125

293.75-22.03125=271.718 so aprox $271.72

selling price would be $271.72

A jeweler who buys a ring from a jewelry maker for $125 marked with the price by 135% for sale in the store what is the selling price of the ring with 7.5 sales tax

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