9.
A wholesaler buys pairs of sunglasses
for $5.50 each. He then marks up the
wholesale cost 80% to create a retail
price for his customers. Customers must
then pay an additional 7% tax on the
retail price. What is the total cost of a
pair of sunglasses to the wholesaler's
customers, including tax, rounded to
the nearest penny?​

Respuesta :

A customer will pay $10.59, including sales tax, for a pair of sunglasses.

Step-by-step explanation:

Given,

Purchase price of sunglasses = $5.50

Mark up = 80%

Amount of mark up = 80% of purchase price

Amount of mark up = [tex]\frac{80}{100}*5.50=0.80*5.50[/tex]

Amount of mark up = $4.40

Retail price = Purchase price+mark up

Retail price = 5.50+4.40 = $9.90

Sales tax = 7% of retail price

Sales tax = [tex]\frac{7}{100}*9.90=0.07*9.90[/tex]

Sales tax = $0.69

Total paid by customer = retail price + sales tax

Total paid by customer = 9.90 + 0.69 = $10.59

A customer will pay $10.59, including sales tax, for a pair of sunglasses.

Keywords: addition, percentage

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