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31 August, 18:49

A store pays $10 for a blanket, and the markup is 115%. A customer will also pay a 5 1/2% sales tax. What will be the total cost of the bracelet to the nearest cent?

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  1. 31 August, 18:51
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    Firstly, we need to find the price of the blanket/bracelet after the 115% increase.

    $10 x 1.15 = $15.20

    Now for the 5.5% sales tax, which is applied the the new value of $15.20

    $15.20 x 0.055 = 0.83

    $15.20 + $0.83 = $16.03

    The final cost for the blanket/bracelet is %16.03
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