114k views
1 vote
You purchase an item to sell in your store. The item costs you $6.45. You mark the item up 20%, but later run the item on sale at 5% off the marked price. If your customer must pay 6% sales tax, what will be the total amount paid by the customer for the item?

User Vladimir K
by
8.0k points

1 Answer

1 vote
So here is the answer. Given that the item originally costs $6.45 and marked it up to 20%, the new price would be $7.74, because 20% of 6.45 is 1.29. Now that it is 5% off, the new price would be $7.353. Now that it has an additional sales tax of 6%, the total amount would be $7.79 or $7.80. Hope this answers your question. Have a great day!
User Michael Ivko
by
7.8k 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