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30 September, 12:19

You by a t shirt at the fair that costs the owner $12, but your markup is 30%. Tax is 7%. How much money do you owe

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  1. 30 September, 13:22
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    The final price of money of t shirt that I own = $ 16.69

    Step-by-step explanation:

    Given in question as,

    The t shirt cost to the owner = $12

    The markup percentage = 30%

    So, now the cost price of t shirt = 30% of 12 + 12

    = 3.6 + 12 = $15.6

    Tax which is added now = 7%

    So, new cost of t shirt = 7% of 15.6 + 15.6

    = 1.092 + 15.6 = $ 16.69

    Hence, the final price of money of t shirt that I own = $ 16.69 Answer
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