Word problem on money, percentages and tax
Hi can you help me solve this question? It goes like this I think I'm not fully sure though
A man imports models from china it costs him $5.95 per model, he also has to pay 5% tax per import. He needs to make 60% profit out of these models, and he has to pay a 10% fee for the website he orders and imports them from. So what will the minimum price be to sell one.
5.95 per model
5% tax per import
10% trade me tax
Minimum price to sell