A pair of shoes with a manufacturer's price of $80 is marked up 115% and then sold to a customer at 65% off the mark up price. If a 10% tax is added to this cost, then the total price the customer paid for the shoes, in dollars, was
80 * 2.15 = 172
172 *.35 = 60.2
60.2 * 1.10 = 66.22
Well, once upon a time, there was a shoe manufacturer who thought, "You know what would be hilarious? Let's mark up these shoes by 115%!" Little did they know, this decision would lead to a lot of confusion and math puzzles.
So, let's crunch the numbers. If the manufacturer's price is $80 and they mark it up by 115%, we need to find out the new price after the markup.
115% of $80 is $92, because math is crazy like that. So, the new price after the markup is $80 + $92 = $172.
Now, the fun part begins! We need to calculate the price after the customer gets a 65% discount on this marked-up price.
65% off $172 equals $172 x 0.65 = $111.80 (approximately).
However, the story doesn't end here! We need to add a 10% tax to this final price.
10% of $111.80 is $11.18 (approximately).
So, the grand total that the customer paid for these shoes was $111.80 + $11.18 = $122.98.
So, my friend, the total price the customer paid for the shoes, in dollars, was $122.98. Now, wasn't that a rollercoaster ride through markup, discount, and tax?
To find the total price the customer paid for the shoes, we need to go step by step through the given information.
Step 1: Calculate the markup cost.
The shoes have a manufacturer's price of $80.
The markup is 115% of the manufacturer's price.
Markup Cost = Manufacturer's Price * Markup %
= $80 * (115/100)
= $80 * 1.15
= $92
Step 2: Calculate the price after marking up.
Price after Marking up = Manufacturer's Price + Markup Cost
= $80 + $92
= $172
Step 3: Calculate the price after applying a 65% discount.
Price after Discount = Price after Marking up - (Price after Marking up * Discount %)
= $172 - ($172 * (65/100))
= $172 - ($172 * 0.65)
= $172 - $111.8
= $60.2
Step 4: Calculate the price after adding a 10% tax.
Price after Tax = Price after Discount + (Price after Discount * Tax %)
= $60.2 + ($60.2 * (10/100))
= $60.2 + ($60.2 * 0.1)
= $60.2 + $6.02
= $66.22
Therefore, the total price the customer paid for the shoes is $66.22.