Question

A store purchased a DVD for $15.00 and sold it to a customer for 50% more than the purchase price. The customer was then charged a 7% tax when the DVD was sold. What was the customer's total cost for the DVD? Round your answer to the nearest cent.

Answer 1

$24.08

Explanation:

Step one:

given data

A store purchased a DVD for $15.00 and sold it to a customer for 50% more than the purchase price.

The increase is

=50/100*15

=0.5*15

=$7.5

Selling price

= 7.5+15

= $22.5

The tax is 7%

=7/100*22.5

=0.07*22.5

=1.575

The total cost/ amount paid is

1.575+22.5

=$24.075

=$24.08