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.
The markup before tax is $39.22 per pair of boots. To find the markup percentage, we first need to subtract the cost of the boots from the total price:
$90.10 - $50.88 = $39.22
Then, we can divide the markup by the cost of the boots and multiply by 100 to get the percentage:
($39.22 / $50.88) x 100 = 77.07%
Rounded to the nearest hundredth, the percent of markup before tax is about 77.07%, which is a markup of $39.22 per pair of boots.
Rounded to the nearest hundredth, the percent of markup before tax is about 66.67%, which is a markup of $33.92 per pair of boots.
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If the total cost for a customer buying the boots at the store is $90.10, which includes a 6.25% sales tax that is added after the markup, we can first find the cost before tax by dividing the total cost by 1 plus the sales tax rate:
Cost before tax = $90.10 / (1 + 0.0625) = $84.70
Then, we can find the markup by subtracting the cost of the boots from the cost before tax:
Markup = $84.70 - $50.88 = $33.82
Finally, we can calculate the markup percentage by dividing the markup by the cost of the boots and multiplying by 100:
Markup percentage = ($33.82 / $50.88) x 100 = 66.54%
Therefore, rounded to the nearest hundredth, the percent of markup before tax is about 66.54%, which is a markup of $33.82 per pair of boots.
To find the percent of markup before tax, we need to calculate the difference between the selling price and the cost price, and then find what percent that difference is of the cost price.
First, let's find the difference between the selling price and the cost price.
Selling Price = $90.10
Cost Price = $50.88
Markup = Selling Price - Cost Price = $90.10 - $50.88 = $39.22
Next, we'll find what percent the markup is of the cost price.
Markup Percentage = (Markup / Cost Price) × 100
Markup Percentage = ($39.22 / $50.88) × 100 ≈ 77.09%
Therefore, the percent of markup before tax is approximately 77.09%. This means that Marissa adds a markup of around 77.09% to the cost price of the boots when she sells them in the store.
To calculate the markup per pair of boots, we divide the markup by the quantity of boots.
Markup per Pair = Markup / Quantity
Markup per Pair = $39.22 / 1 = $39.22
Thus, the markup per pair of boots is approximately $39.22.