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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 :

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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

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