Question

Louise bought a frame and canvas online for $125. Then she bought all the supplies shown in the table and paid a 7% sales tax on the supplies

only.
Item
Cost ($)
Brushes
12.50
Paint
19.50
She took the amount that she spent on the canvas, frame, and supplies, and marked up the price by 115%. How much did she charge for her
painting? Round to the nearest cent.

Answer 1

9514 1404 393

Answer:

$342.37

Explanation:

When a quantity is marked up by x%, its marked-up price is (1 +x/100) times its original price. Tax is effectively a markup.

Louise's costs are ...

$125 + (12.50 +19.50)(1.07) = $159.24

Louise priced her painting at ...

$159.24·(1 +1.15) = $342.37