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OpenStudy (anonymous):
Selling price Cost of shoes: 29.95 Markup: 20% Tax: 2%
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OpenStudy (yamyam70):
so what are we finding?
OpenStudy (anonymous):
29.95 with a markup of 20% = 29.95(.20) = 5.99 29.95 + 5.99 = 35.94 <== cost with the markup 35.94 with a tax of 2% = 35.94(.02) = .718 rounds to .72 35.94 + 0.72 = 36.66 <== cost with markup and tax.
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