A jeweler buys a ring from a jewelry maker for $125 he marks up the price by 135% for sale in his store what is the selling price of the rain with 7.5% sales

Question

Kay Jeweler buys a ring from a jewelry maker for $125 marks of the price by 135% percent is the selling price of the ring with a 7.5% sales tax

Answer 1

markup = 1.35 times $125, or we may calculate the overall LIST PRICE as 2.35 times $125, which is $293.75.

 

Out-the-door price, including sales tax, is 1.075 times List Price...a total $315.78.