A store pays $10 for a bracelet and the markup is 115% of customer will also pay 5.5% sales tax what will be the total cost of the bracelet to the nearest cent

Answers

Answer 1

Answer:

A store pays $10 for a bracelet and the markup is 115% of customer

markup percentage is 115% = 1.15

markup amount = cost price * markup percentage

= 10 * 1.15 = 11.5

price with markup price = 10 + 11.5 = 21.5

Now we apply sales tax for the price

sales tax of 5.5 % = 0.055

Tax amount = price with markup * tax percentage

= 21.5 * 0.055= 1.1825

the total cost of the bracelet = Price + tax amount

=21.5 + 1.1825 = 22.6825

$22.68 is the total cost of the bracelet

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Answer:

Step-by-step explanation:

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I hope this helps you

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Answer:

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