Question

A store in Ashland purchased a cat calendar at a cost of $1.30 and marked it up 100%. Later on, Fernando bought the cat calendar. If the sales tax in Ashland is 15%, how much did he pay in all?

Answer 1

$2.99

Explanation:

Given that:

Purchase price of cat calendar = $1.30

Markup = 100%

Hence, price at which the cat calendar was sold :

1.30 + 100%(1.35)

$1.30 + $1.30 = $2.60

Sales tax = 15%

Amount paid as sales. tax _

15% * 2.60 = $0.39

Total amount paid :

$2.60 + 0.39 = $2.99