Question

The Bridal Shop bought a dress from a supplier for $105 wholesale and applied a 65% markup to the price. If a 7.5% sales tax were added after a 20% discount was used, what would be the total cost to purchase the dress? A $146.20 B $149.00 C $158.48 D $160.17

Answer 1

B $149.00

Explanation:

105 * 1.65 = 173.25 (100%+ 65%) Price with the markup

173.25 *0.80 138.60 (Price after 20% discount .The price will be the 80%)

138.60 * 1.075 = 148.995 (price with 7.5 sales tax.)

Answer 2

The correct answer is 149.00.

Explanation:

Part = Percent • Whole

Adding a 65% markup to the original price of 105 is simply multiplying the price by the decimal form of the markup, then adding that to the original price. Next, you would find 20% of your sum by multiplying the sum by 0.20. Then you would find 7.5% of that and add this to the price.

Solve:

105 • 0.65 = 68.25 Find 65% of 105

105 + 68.25 = 173.25 Add the markup to the price

173.25 • 0.20 = 34.65 Find the discount of the new price

173.25 - 34.65 = 138.60 Subtract discount from price

138.60 • 0.075 = 10.395 Find sales tax of new price (Or round to 10.40)

138.60 + 10.395 = 148.995 Add sales tax to new price (Or 149)

Because money only goes to the hundredths place, we can either start rounding to that place in the second to last step - rounding 10.395 to 10.40 - or we can round our answer - 148.995 rounds to 149. Either way, we will still get an answer of $149.00.

Hope this helps.

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