Can you solve this?..

Question

A company produces a set of blocks. It costs them $5 to make. They mark it up 300% when they sell it to a toy distributor. The toy distributor marks it up an additional 150% when they sell it to a local toy store. The local toy store marks it up in additional 200%. They have a 30% off sale. You also have a coupon for an additional 15% off. Sales tax is 8%. How much did you pay for the set of blocks?

 

Please explain too...

Thank you

Answer 1

5(4)(2.5)(3)(0.70)(0.85)(1.08) will compute your price.

The factor 4 represents markup 300% (note if markup were 100%, that would have doubled the price).

Next factor is 2.5, representing 150% markup--relative to the then already upped price.

Then the factor 3 corresponds to toy store's marking it up AN additional 200%--relative to the price so far.

Factor 0.70 represents 30% off; factor 0.85 represents additional 15% off.

Then the sales tax multiplier is 1.08, producing an 8% increase.

 

Kinda looks like a RIPOFF, doesn't it!