Question

A furniture store in Livingston purchased an arcade

machine at a cost of $993 and marked it up 200%. Later
on, Nicholas bought the arcade machine. If the sales tax
in Livingston is 14%, how much did he pay in all?

Answer 1

They marked it up to 2979 since 993*3(aka 200%). You then multiply 2979 by 1.14 to get the total of $3396.06

Answer 2

$3396.06

Explanation:

Markup is what a store adds to the price they paid in order to come up with a selling price.

store selling price = cost to store + markup

Store purchase price: $993

Store markup of 200%: 200% of $993 = 2 × $993 = $1986

Store selling price: $993 + $1986 = $2979

14% tax: 14% of $2979 = 0.14 × $2979 = $417.06

Total selling price including markup & sales tax: $2979 + $417.06 = $3396.06

Answer: $3396.06