Question

You by a t shirt at the fair that costs the owner $12,but your markup is 30%. Tax is 7%. How much money do you owe

Answer 1

The final price of money of t shirt that I own = $ 16.69

Explanation:

Given in question as ,

The t shirt cost to the owner = $12

The markup percentage = 30%

So, now the cost price of t shirt = 30% of 12 + 12

= 3.6 + 12 = $15.6

Tax which is added now = 7%

So, new cost of t shirt = 7% of 15.6 + 15.6

= 1.092 + 15.6 =$ 16.69

Hence , the final price of money of t shirt that I own = $ 16.69 Answer