Question

A fountain was marked up 170% from an original cost of $1000. Last Friday ,Bernie bought the fountain and paid and additional 13% in sales tax.what was his total cost?

Answer 1

$ 3051

Explanation:

Original cost = $ 1000

Marked up Price = Original cost + 170% of 1000

= 1000 + 1.7 * 1000

= 1000 + 1700

= $ 2700

Sales tax = 13% of 2700

= 0.13 * 2700

= 351

Total cost paid by Bernie = 2700 + 351 = $ 3051