8
QuizMultiple Choice

Financial Applications of Fractions, Decimals, and Percentages — Quiz

Question 8 • Financial Math

The furniture store’s cost for a dresser is 112 dollars The store marks up the dresser 45 percent The sales tax is 6 point 8 percent after the markup. If the dresser sells without any other costs or discounts, how much does the customer pay? Round to the nearest hundredth if necessary.

Answer
A
170 point 0 2 dollars
B
173 point 4 4 dollars
C
119 point 6 2 dollars
D
162 point 4 0 dollars

Explanation

First apply the 45% markup: $112 × 1.45 = $162.40. Then add 6.8% sales tax: $162.40 × 1.068 = $173.4432, which rounds to $173.44. The customer pays $173.44, choice B.

AI-written and checked against the verified answer.

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