1. It cost Nike $55 to make the "Kyrie 5", but it is selling for $130.19. Calculate the markup/percent Increase for the shoe.

2. The state tax is 8%. Calculate how much you will pay in taxes on the Kyrie 5.

3. You just found a coupon for 35% off! What is the new price of the shoe before taxes?

4. On Amazon, you found the same shoe for $108. What is the percent difference between the price of the original and the price of the amazon shoe?

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wifilethbridge wifilethbridge · Answer 1 · 2020-06-10T06:52:30+02:00

Answer:

1)The markup/percent Increase for the shoe is 136.709%

2)Amount of tax on the Kyrie 5 is $4.4

3)The new price of the shoe before taxes is $35.75

Step-by-step explanation:

1) Cost price of Kyrie 5 = $55

Selling price = $130.19.

Difference = 130.19-55=75.19

So, Percentage increase =[tex]\frac{Change}{CP} \times 100[/tex]

Percentage increase =[tex]\frac{75.19}{55} \times 100 =136.709\%[/tex]

2)The state tax is 8%

So, Amount of tax on the Kyrie 5. = [tex]8\% \times 55[/tex]

=[tex]\frac{8}{100} \times 55[/tex]

= 4.4

So, You will pay $4.4 in taxes on the Kyrie 5.

3)You just found a coupon for 35% off!

New price of the shoe before taxes =[tex]55-35\%(55)[/tex]

=35.75

So,the new price of the shoe before taxes is $35.75