Question

Riley’s Rug Warehouse purchases rugs from the manufacturer for $82.00 each. The manager marks the rugs up 150% and then includes a 10% sales tax. How much much does a customer pay for 1 rug?

Answer 1

A customer will pay $225.5 for one rug.

Step-by-step explanation:

Given,

Purchase price of rug = $82.00

Mark up = 150%

Amount of mark up = 150% of purchase price

Amount of mark up = $\frac{150}{100}*82$

Amount of mark up = 1.5*82 = $123

Price of rug after mark up = Purchase price + Mark up

Price of rug after mark up = 82+123 = $205

Sales tax = 10%

Amount of sales tax = 10% of price after markup

Amount of sales tax = $\frac{10}{100}*205=\ 20.5$

Selling price = Price after markup + Amount of sales tax

Selling price = 205+20.5 = $225.5

A customer will pay $225.5 for one rug.

Keywords: percentage, markup

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