Question

A store bought an antique pull toy and marked it up 150% from the original cost of $960. Later on, Alan purchased the antique pull toy and paid 8% sales tax. How much, including tax, did he pay for the antique pull toy?

Answer 1

$1555.2

Answer 2

can u explain how?

Answer 3

$960 (Original) * 2.5(Markup) = $2400(Sale Price)
$2400 (Sale Price) * .08 (Sales Tax %) = $192 (Sales Tax Amount)
$2400 (Sale Price) + 192 (Sales Tax Amount) = $2592 (Total Amount)

Alan paid a total of $2592.