Question

Problem 5

A shoe store purchases a pair of shoes for $75
before a mark up is applied.
There is a 140% markup. After the markup, a 6%
sales tax is added.
What is the total after discount and tax?

Answer 1

$78.9

Explanation:

Given data

We are told that the store purchased the shoe before mark up, hence we only need to solve for the tax

tax= 6%

=6/100*75

=0.06*65

=$3.9

Hence the total is

=75+3.9

=$78.9