Find the selling price of each item. 1) Cost of a parrot: $$ \$ 200.00 $$ Markup: $$ 30 \% $$ Discount: $$ 12 \% $$ Tax: $$ 3 \% $$

Question

UpStudy AI · Accepted Answer

To determine the selling price of the parrot, we'll follow these steps:

1. **Calculate the Markup**
2. **Apply the Discount**
3. **Add the Tax**

Let's break down each step:

---

### 1. Calculate the Markup

**Markup Percentage:** 30%  
**Cost Price:** \$200.00

$$
\text{Markup} = \text{Cost Price} \times \text{Markup Percentage} = \$200.00 \times 0.30 = \$60.00
$$

$$
\text{Price after Markup} = \text{Cost Price} + \text{Markup} = \$200.00 + \$60.00 = \$260.00
$$

---

### 2. Apply the Discount

**Discount Percentage:** 12%  
**Price after Markup:** \$260.00

$$
\text{Discount} = \text{Price after Markup} \times \text{Discount Percentage} = \$260.00 \times 0.12 = \$31.20
$$

$$
\text{Price after Discount} = \text{Price after Markup} - \text{Discount} = \$260.00 - \$31.20 = \$228.80
$$

---

### 3. Add the Tax

**Tax Percentage:** 3%  
**Price after Discount:** \$228.80

$$
\text{Tax} = \text{Price after Discount} \times \text{Tax Percentage} = \$228.80 \times 0.03 = \$6.86
$$

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

---

**Therefore, the selling price of the parrot is \$235.66.**
The selling price of the parrot is \$235.66.

Find the selling price of each item. 1) Cost of a parrot: \( \$ 200.00 \) Markup: \( 30 \% \) Discount: \( 12 \% \) Tax: \( 3 \% \)