Question

A picnic basket was marked up 95% from an original cost of $9.57. Last Friday, Rosanne bought the picnic basket and paid an additional 8% in sales tax. What was her total cost? $​

Answer 1

$20.15

Explanation:

Given data

Original cost = $9.57

Markup= 95%

Let us find the new cost of the basket

=95/100*9.57

=0.95*9.57

=$9.0915

Hence the cost of the basket is

= 9.57+9.0915

=18.66

Also, the sales tax is 8%

=8/100*18.66

=0.08*18.66

=1.4928

Therefore, the total amount to be paid is

=18.66+1.4928

=$20.15