Question

The owner of a sporting goods store buys pairs of rollerblades for $60 and marks them up 25%. Several months later, he decides o clear his inventory a

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asked 2021-01-28
The owner of a sporting goods store buys pairs of rollerblades for $60 and marks them up 25%. Several months later, he decides o clear his inventory and sells each pair or rollerblades at a discount of 20%. What is the total price of a pair of these rollerblades with the discount and a 6% sales tax?

Answers (1)

2021-01-29

The mark up price is: ​
\($60 + 0.25($60) = $60 + $15 = $75\)
Using the marked up price, the discounted price is: ​
\($75 − 0.20($75) = $75 − $15 = $60 ​\)
Using the discounted price, the total price (with the sales tax) is: ​
\($60 + 0.06($60) = $60 + $3.60 = $63.60\)

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