Question

A store in Wildgrove purchased an antique pull toy at a cost of $890 and marked it up 200%. Later on, Jeffrey bought the antique pull toy. If the sales tax in Wildgrove is 10%, how much did he pay in all?

Answer 1

Answer: Jeffery paid $ 2937 in all.

Explanation:

Given: The cost of antique pull = $890

Mark up percentage = 200%

New price = (cost) + (Mark up percentage) x (cost)

`=\$( 890+(200)/(100)*890)\\\\=\$( 890+2(890))\\\\=\$2670`

After a tax of 10% , the amount needs to be paid = New price + 10% of New price

`=\$(2670+(10)/(100)*2670)=\$(2670+267)\\\\=\$2937`

Hence, Jeffery paid $ 2937 in all.