Pregunta
Find the selling price of each item.
- Cost of a parrot:
Markup:
Discount:
Tax:
Markup:
Discount:
Tax:
Ask by Watson Norton. in the United States
Jan 23,2025
Solución de inteligencia artificial de Upstudy
Respuesta verificada por el tutor
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The selling price of the parrot is $235.66.
Solución
To calculate the selling price of the parrot, we’ll systematically apply the markup, discount, and tax to the initial cost. Here’s a step-by-step breakdown:
1. Initial Cost
- Cost of the Parrot: $200.00
2. Apply Markup
- Markup Percentage: 30%
- Markup Amount: 30% of $200.00 = 0.30 × $200.00 = $60.00
- Price After Markup: $200.00 + $60.00 = $260.00
3. Apply Discount
- Discount Percentage: 12%
- Discount Amount: 12% of $260.00 = 0.12 × $260.00 = $31.20
- Price After Discount: $260.00 - $31.20 = $228.80
4. Apply Tax
- Tax Percentage: 3%
- Tax Amount: 3% of $228.80 = 0.03 × $228.80 = $6.86
- Final Selling Price: $228.80 + $6.86 = $235.66
Summary
- Cost: $200.00
- After 30% Markup: $260.00
- After 12% Discount: $228.80
- After 3% Tax: $235.66
Therefore, the selling price of the parrot is $235.66.
Respondido por UpStudy AI y revisado por un tutor profesional
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Simplifique esta solución Beyond the Answer
To find the selling price of the parrot, we start by calculating the markup. The markup is
Adding the markup to the cost gives us the marked price:
Next, we calculate the discount, which is
Subtracting the discount from the marked price results in the sale price before tax:
Finally, we add the tax. The tax is
Adding the tax gives the final selling price:
So, the selling price of the parrot is approximately
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