Question

Yoselin bought a broken antique table at a garage sale for $30. She plans to repair and paint it before reselling it. Her supplies cost $45 plus 6.25% sales tax. She takes the amount that she spent on the table and supplies, and marks up the price by 120%. How much should she charge for the table?​

Answer 1

$57.38

Explanation:

Yoselin bought a broken antique table at a garage sale for $30. She plans to repair and paint it before reselling it. Her supplies cost $45 plus 6.25% sales tax. She takes the amount that she spent on the table and supplies, and marks up the price by 120%. How much should she charge for the table?​

supplies:

= cost * (100% + 6.25% tax)

= $45*(1.0625)

= $47.8125

bought for: $30

total spent:

= $47.8125 + $30

= $77.8125

marks up by 120%:

120% = 1.2 so:

= $77.8125 * 1.2

= $57.375

rounded: $57.38