90.9k views
3 votes
You sell an automobile part for $9.98, which includes a $.40 sales tax. The article cost you $8.75.

What percentage markup are you charging (to the nearest tenth)?

1 Answer

2 votes

Answer:

9.5%

Explanation:

Buying price of the part= $ 8.75

Selling price of the part= $ 9.98

sale tax= $0.40

Selling price before sale tax= $9.98-$ 0.40 = $ 9.58

Make-up amount charged= $9.58- $8.75 = $ 0.83

As a percentage= (0.83/ 8.75) ×100

=9.5%

User Panzi
by
8.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories