Question

A store purchased a DVD for $12.00. The store charged a 50% markup on the purchase price. The customer was also charged a 7% tax when the DVD was sold. What was the customer’s total cost for the DVD?

Answers

  1. Answer:
    19.26$
    Step-by-step explanation:
    Sold DVD for
    50
    %
    more of the purchase price of
    12
    $
    so
    12
    +
    50
    100
    (
    12
    )
    =
    12
    +
    6
    18
    So customer will pay
    7
    %
    tax on
    18
    $
    Hence he will pay
    18
    (
    1.07
    )
    $
    =
    19.26
    $

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