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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 a 7.5% tax?

User Kartika
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1 Answer

4 votes

Answer:

Total cost of the ring is $180.23

Explanation:

Marks up price: MP=125⋅
(135)/(100)=$168.75

Sales Tax : ST=168.75⋅
(6.8)/(100)=11.475=$11.48

Total cost (MP+ST) : TC=168.75⋅+11.48=$180.23

User OmegaNalphA
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