The markup before tax is $39.22 per pair of boots. To find the markup percentage, we first need to subtract the cost of the boots from the total price:
$90.10 - $50.88 = $39.22
Then, we can divide the markup by the cost of the boots and multiply by 100 to get the percentage:
($39.22 / $50.88) x 100 = 77.07%
Rounded to the nearest hundredth, the percent of markup before tax is about 77.07%, which is a markup of $39.22 per pair of boots.
For this item, any answers that are not whole numbers should be entered as decimals, rounded to the hundredth.
Marissa's Fashions purchases designer boots from a manufacturer for $50.88 per pair. Marissa then adds a certain amount to the price of the boots as a markup when she sells them in the store. The total cost for a customer buying the boots at the store is $90.10. This includes a 6.25% sales tax that is added after the markup.
The percent of markup before tax is about
%, which is a markup of $
per pair of boots.
3 answers
Rounded to the nearest hundredth, the percent of markup before tax is about 66.67%, which is a markup of $33.92 per pair of boots.
Sorry, that is not correct.
If the total cost for a customer buying the boots at the store is $90.10, which includes a 6.25% sales tax that is added after the markup, we can first find the cost before tax by dividing the total cost by 1 plus the sales tax rate:
Cost before tax = $90.10 / (1 + 0.0625) = $84.70
Then, we can find the markup by subtracting the cost of the boots from the cost before tax:
Markup = $84.70 - $50.88 = $33.82
Finally, we can calculate the markup percentage by dividing the markup by the cost of the boots and multiplying by 100:
Markup percentage = ($33.82 / $50.88) x 100 = 66.54%
Therefore, rounded to the nearest hundredth, the percent of markup before tax is about 66.54%, which is a markup of $33.82 per pair of boots.
If the total cost for a customer buying the boots at the store is $90.10, which includes a 6.25% sales tax that is added after the markup, we can first find the cost before tax by dividing the total cost by 1 plus the sales tax rate:
Cost before tax = $90.10 / (1 + 0.0625) = $84.70
Then, we can find the markup by subtracting the cost of the boots from the cost before tax:
Markup = $84.70 - $50.88 = $33.82
Finally, we can calculate the markup percentage by dividing the markup by the cost of the boots and multiplying by 100:
Markup percentage = ($33.82 / $50.88) x 100 = 66.54%
Therefore, rounded to the nearest hundredth, the percent of markup before tax is about 66.54%, which is a markup of $33.82 per pair of boots.
1 answer