1) Cost of a parrot: $$ \$ 200.00 $$ Markup: $$ 30 \% $$ Discount: $$ 12 \% $$ Tax: $$ 3 \% $$

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UpStudy AI · Accepted Answer

Sure, let's break down the pricing of the parrot step by step, considering the markup, discount, and tax.

### Given:
- **Cost of the Parrot:** \$200.00
- **Markup:** 30%
- **Discount:** 12%
- **Tax:** 3%

### Step 1: Calculate the Marked-Up Price
Markup is the amount added to the cost price to determine the selling price.

$$
\text{Markup Amount} = \text{Cost} \times \left( \frac{\text{Markup \%}}{100} \right) = \$200.00 \times 0.30 = \$60.00
$$

$$
\text{Selling Price Before Discount} = \text{Cost} + \text{Markup Amount} = \$200.00 + \$60.00 = \$260.00
$$

### Step 2: Apply the Discount
Discount reduces the selling price.

$$
\text{Discount Amount} = \text{Selling Price Before Discount} \times \left( \frac{\text{Discount \%}}{100} \right) = \$260.00 \times 0.12 = \$31.20
$$

$$
\text{Selling Price After Discount} = \text{Selling Price Before Discount} - \text{Discount Amount} = \$260.00 - \$31.20 = \$228.80
$$

### Step 3: Calculate the Tax
Tax is added to the discounted price.

$$
\text{Tax Amount} = \text{Selling Price After Discount} \times \left( \frac{\text{Tax \%}}{100} \right) = \$228.80 \times 0.03 = \$6.86
$$

$$
\text{Final Price} = \text{Selling Price After Discount} + \text{Tax Amount} = \$228.80 + \$6.86 = \$235.66
$$

### Summary
- **Cost:** \$200.00
- **Markup (30%):** \$60.00
- **Selling Price Before Discount:** \$260.00
- **Discount (12%):** -\$31.20
- **Selling Price After Discount:** \$228.80
- **Tax (3%):** \$6.86
- **\**Final Price:** **\$235.66**

**Final Price of the Parrot:** **\$235.66**
The final price of the parrot is \$235.66.

Cost of a parrot:
Markup:
Discount:
Tax:

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