Question

A store purchased a DVD for $12.00 and sold it to a customer for 50% more than the purchase price. The customer was charged a 7% tax when the DVD was sold. What was the customer’s total cost for the DVD?

$12.84

$18.42

$18.84

$19

Answer 1

The answer is $19 or 19.26

Answer 2

$19.26 or $19.

Explanation:

Sold DVD for 50% more of the purchase price of $12, so:

12 + 50/100 * (12) = 12 + 6 = 18.

The customer will pay 7% tax on $18.

18 * (1.07) = $19.26