Lisara V.

asked • 05/26/19

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.

Ships models 

5.95 per model

5% tax per import

60% profit

10% trade me tax

Minimum price to sell

1 Expert Answer


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