Find the total price to the nearest cent.
$12 bracelet,markup:115%, sales tax=5%
12 * 2.115 = 25.38
25.38 * 1.05 = ?
To find the total price, follow these steps:
Step 1: Calculate the markup amount
Markup amount = (Markup percentage / 100) * Price
= (115 / 100) * $12
= $13.80
Step 2: Calculate the new price after markup
New price = Price + Markup amount
= $12 + $13.80
= $25.80
Step 3: Calculate the sales tax amount
Sales tax amount = (Sales tax percentage / 100) * Price
= (5 / 100) * $25.80
= $1.29
Step 4: Calculate the final price
Final price = New price + Sales tax amount
= $25.80 + $1.29
= $27.09
The total price, rounded to the nearest cent, is $27.09.
To find the total price, you need to calculate the markup and the sales tax separately, and then add them together.
First, let's calculate the markup. The markup is the increase in price from the original cost.
To calculate the markup, multiply the original price of the bracelet by the markup percentage:
Markup = Original Price * Markup Percentage
= $12 * 115%
= $12 * 1.15
= $13.80
Next, let's calculate the sales tax. The sales tax is the additional amount you need to pay as per the tax rate.
To calculate the sales tax, multiply the total cost (original price + markup) by the sales tax percentage:
Sales Tax = Total Cost * Sales Tax Percentage
= ($12 + $13.80) * 5%
= $25.80 * 0.05
= $1.29
Now, add the markup and sales tax together to find the total price:
Total Price = Markup + Sales Tax
= $13.80 + $1.29
= $15.09
Therefore, the total price of the bracelet, including markup and sales tax, is $15.09 rounded to the nearest cent.