Question

1. The mark up price of a pair of shoes which costs $125. 00 is 8. 35%. A)What is the final price? If the tax is 6 1/2% How much will be paid for that pair of shoes?

Answer 1

Explanation:

Remark

The wholesale price of the shoes is 125 dollars

The retailer marks it uu to 35% more to the wholesale price.

So the price is now 125 + 35% * 125 dollars

That amount is 125 + 35/100 * 125 = 125 + 43.75 = 168.75

The government wants its cut of 6.5% of the selling price

So the final price is 168.75 + 168.75 * 6.5/100

The final price is 168.75 + 10.97 = 179.72

Answer: A customer pays 179.72 dollars.