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

Ask by O'Quinn Carter. in the United States
Jan 23,2025

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Answer

The final price of the parrot is \$235.66.

Solution

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**

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Extra Insights

Did you know that the cost of a parrot isn't just about the initial purchase price? When accounting for markup, the total price can skyrocket! With a 30% markup, that beloved feathered friend jumps to \( \$ 260.00 \). But wait—after that delightful discount of 12%, your new price is \( \$ 228.80 \). Finally, don't forget about the pet tax! Adding a 3% tax brings it to approximately \( \$ 235.70 \). When buying pets like parrots, budgeting beyond just the purchase price is key! Not only do they require quality food and toys, but the annual vet check-ups and possible grooming costs can add up. So, think about the long-term expense—owning a parrot might just be an investment in joy (and sometimes chaos)!

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