The owner of a sportin goods store buys pairs of rollerblades for $60 and marks them up 25%. Several months later, he decided to clear his inventory and sells each pair of rollerblades at a discount of 20%. what is the total price of a pair of these roller blades with the discount and a 6% sales tax?

Question

Mathematics

Brynn Pierce

20 March, 08:22

The owner of a sportin goods store buys pairs of rollerblades for $60 and marks them up 25%. Several months later, he decided to clear his inventory and sells each pair of rollerblades at a discount of 20%. what is the total price of a pair of these roller blades with the discount and a 6% sales tax?

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Antony Finley · Answer 1

Cost Price = $60

Markup = 25% x $60 = 0.25 x 60 = $15

Sales Price after markup = $60 + $15 = $75

Discount = 20% x $75 = 0.2 x 75 = $15

Sales Price after discount = $75 - $15 = $60

Sales Tax = 6% x $60 = 0.06 x 60 = $3.60

Sales Price with Discount after tax = $60 + $3.60 = $63.60

Answer: $63.60