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A jeweler who buys a ring from a jewelry maker for $125 marked with the price by 135% for sale in the store what is the selling price of the ring with 7.5 sales tax
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A jeweler who buys a ring from a jewelry maker for $125 marked with the price by 135% for sale in the store what is the selling price of the ring with 7.5 sales tax

User Clone
by
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2 Answers

1 vote
selling price would be $271.72
User Junhee Shin
by
7.9k points
5 votes
marked up by 135% means
new price=original price+(original price times markup) =125+(125 times 1.35)=293.75
tax
293.75 times 0.075=22.03125

293.75-22.03125=271.718 so aprox $271.72


selling price would be $271.72
User Osrl
by
8.8k points
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