Question

A diamond retailer buys a ring from his supplier

for $875. He marks up the price 110% to sell in
his store. What is the selling price of the
diamond with a 6% sales tax?

Answer 1

nerd is 18

Explanation:

xsas

Answer 2

Answer: $1,947.75

Step-by-step explanation: First, the mark up is 110% of the total, which is $875. 110% of 875 is $962.50, which you add to the total ($875) since it is mark up. $962.50 + $875 = $1837.50. Finally, 6% of $1837.50 is $110.25 so you add this to your new price ($1837.50) since the 6% is the sales tax. $1837.50 + $110.25 = $1947.75