Financial Applications of Fractions, Decimals, and Percentages — Quiz
Question 12 • Financial Math
A set of watercolor brushes costs 59 point 5 0 dollars The store markup is 30 percent The county sales tax is 8 percent What is the selling price of the brushes? Round to the nearest hundredth if necessary.
Answer
A
77 point 3 5 dollars
B
83 point 5 4 dollars
C
41 point 6 5 dollars
D
38 point 3 2 dollars
Explanation
First apply the 30% markup: $59.50 × 1.30 = $77.35. Then add 8% sales tax: $77.35 × 1.08 = $83.538, which rounds to $83.54. The selling price including tax is $83.54.
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