Question

10. A store pays $10 for a bracelet, and the markup is 115%. A customer will

also pay a 5% sales tax. What will be the total cost of the bracelet to
the nearest cent?

Answer 1

$22.58

Explanation:

100% of $10 is another $10, so that is already $20. 15% of 100 is $1.50, so you get $21.50. The overall sales tac the 5% is for the entire product, and 5% of the total would be 1.075, which you add to $21.50 which gets you to 22.575, which rounds to 22.58

Answer 2

12.075
Explain:
Price after mark-up: 10*115% = 11.5
Price after sales tax: 11.5 * 105% = 12.075