Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Experience the ease of finding accurate answers to your questions from a knowledgeable community of professionals. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

A jewelry store bought a gold necklace and marked it up 110% from the original cost of $23.52. Later on, Dean purchased the gold necklace and paid 14.75% sales tax. How much, including tax, did he pay for the gold necklace?

Sagot :

xXEveXx

Answer:

56.68

Step-by-step explanation:

all credit to the person who commented on the answer above this. As they said, the correct answer is $56.68

raphealnwobi

Dean paid $56.50 including tax for the necklace.

Markup percentage

Markup percentage is given by:

Markup = [(selling price - cost price)/cost price] * 100%

Let x represent the store selling price, hence:

110% = (x - 23.52)/23.52 * 100%

1.1 = (x - 23.52)/23.52

x = $49.39

Money paid by Dean = x + 14.75% of x = 49.39 + (0.1475 * 49.39) = 56.60

Dean paid $56.50 including tax for the necklace.

Find out more on Markup percentage at: https://brainly.com/question/852329

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.