Find the selling price of each item. 1) Cost of a parrot: \( \$ 200.00 \) Markup: \( 30 \% \) Discount: \( 12 \% \) Tax: \( 3 \% \)
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To find the selling price of the parrot, we start by calculating the markup. The markup is \( 30\% \) of the cost: \[ Markup = 200 \times 0.30 = 60 \] Adding the markup to the cost gives us the marked price: \[ Marked Price = Cost + Markup = 200 + 60 = 260 \] Next, we calculate the discount, which is \( 12\% \) off the marked price: \[ Discount = 260 \times 0.12 = 31.20 \] Subtracting the discount from the marked price results in the sale price before tax: \[ Sale Price = Marked Price - Discount = 260 - 31.20 = 228.80 \] Finally, we add the tax. The tax is \( 3\% \) of the sale price: \[ Tax = 228.80 \times 0.03 = 6.86 \] Adding the tax gives the final selling price: \[ Selling Price = Sale Price + Tax = 228.80 + 6.86 \approx 235.66 \] So, the selling price of the parrot is approximately \( \$ 235.66 \).