Question

Figure out the total price.
Original cost: $3.45
Markup: 29%
Tax: 2%

Answer 1

Please explain too, I need to figure out how to do the rest of these too

Answer 2

Does tax go on the markup cost too, or just the original cost?

Answer 3

I don't know, it just says Find the selling price of each item. :P

Answer 4

Ok, I'm going to assume that tax goes on the markup too.

Let's add markup first: 29% of 3.45 is 0.29*3.45=1.00

Answer 5

So add that to the original price 3.45+1.00=4.45

Now for the tax: 0.02*4.45=0.09

add that to what we had: 4.45+0.09=4.54

So 4.54 is the final cost.

Answer 6

My friend (in the same class) says you have to do cost times markup plus tax times cost. I dont know, Im super confused.

Answer 7

If that helped any :P

Answer 8

Ok I'll go with that then :T thanks!