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8 March, 06:16

For this item, any answers that are not whole numbers should be entered as decimals, rounded to the hundredth.

Marissa's Fashions purchases designer boots from a manufacturer for $50.88 per pair. Marissa then adds a certain amount to the price of the boots as a markup when she sells them in the store. The total cost for a customer buying the boots at the store is $90.10. This includes a 6.25% sales tax that is added after the markup.

The percent of markup before tax is about

%, which is a markup of $

per pair of boots.

+2
Answers (1)
  1. 8 March, 06:22
    0
    67%

    $33.92

    Step-by-step explanation:

    So a few things happen. Starting at $50.88 there is a markup, so it is now y dollars. Then a tax of 6.25% is applied to this y, which gets $90.10. So we want to work backwards to find y.

    First, we want to find a number that when it gets a tax of 6.25%, or. 0625, we get 90.10. So it's a pretty simple algebra problem.

    90.1 = y * 1.0625

    90.1/1.0625 = y

    84.8 = y

    So now we know, before tax the store charges $84.80. if you don't get how I did something let me know.

    Now, we want to know the percent increase from $50.88 to $84.80. We know it is an increase of $33.92. Well, we can use that. 33.92 is what percent of 50.88. or an algebra way of writing it is 50.88x = 33.92 So let's solve that real quick.

    50.88x = 33.92

    x = 33.92/50.88

    x = 2/3

    So now, in conclusion, startign with a price of $50.88, the store marks it up by 2/3, which is 67% more or less, and then there is a 6.25% sales tax
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