(1/5)x + 8
This will find 20% of the wholesale cost and add the $8 markup, where 'x' is the wholesale cost
Answer:
<em>The tax is $1.54 and the price after tax is $31.54</em>
Step-by-step explanation:
<u>Percentages</u>
The procedure to add a percentage ratio p to a given quantity q is:
* Calculate the increase as i = p*q/100
* Add the increase to the original quantity to get the final quantity f=q + i
It's given the sales tax rate in New Mexico is p=5.125%. A pair of pants in New Mexico costs q=$30 before tax.
* The increase (tax) is i = (5.125*30)/100 = $1.54
* The price after tax is f = $30 + $1.54 = $31.54
The tax is $1.54 and the price after tax is $31.54
150 x 12 = 1800
55 x 12 = 660
1800 + 660 + 45000 = 47,460
