The owner of a sporting goods store buys pairs of rollerblades for $60 and marks them up 25%. several months later he decides to clear his inventory and sells each pair of rollerblades at a descount of 20%. what is the total price of a pair of these rollerblades with the discount and a 6% sale tax?

Question

Mathematics

Raul Farley

6 July, 07:23

The owner of a sporting goods store buys pairs of rollerblades for $60 and marks them up 25%. several months later he decides to clear his inventory and sells each pair of rollerblades at a descount of 20%. what is the total price of a pair of these rollerblades with the discount and a 6% sale tax?

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Answers (2)

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Lisa Nash · Answer 1

Initial Price = $60

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

Price after Markup = $60 + $15 = $75

Discount = 20% x $75 = 0.25 x 70 = $18.75

Price after Discount = $75 - $18.75 = $56.25

Sales Tax = 6% x $56.25 - 0.06 x 56.25 = $3.38

Price = $56.25 + $3.38 = $59.63

Answer: $59.63

Miguel Duffy · Answer 2

Miguel Duffy 6 July, 09:42

0

The total price would be $63.60