Question

A store purchased a DVD for $12.00. The store charged a 50% markup on the purchase price. The customer was also charged a 7% tax when the DVD was sold. What was the customer's total cost for the DVD?

Answer 1

19.26$

Explanation:

Sold DVD for

50

%

more of the purchase price of

12

$

so

12

+

50

100

(

12

)

=

12

+

6

18

So customer will pay

7

%

tax on

18

$

Hence he will pay

18

(

1.07

)

$

=

19.26

$