Question

A jeweler buys a ring from a jewelry maker for $125. He marks up the price by 135% for sale in his store. What is the selling price of the ring with 7.5% sales tax?

Answer 1

$315.78

Explanation:

Answer 2

Hey there!

First, you would multiply 125*135%= 168.75
Then you would add 125 to 168.75 and you would get 293.75.
Next, you would multiply 293.75*7.5%= 22.03
Finally, add 22.03 to 293.75 and your answer is...

$315.78